Energy Economy

Governor of Iran’s Central Bank (CBI) Abdolnaser Hemmati said that the CBI will start implementing its first round of open market operation (OMO) policies by the end of the current month.

Iran will reportedly open a branch of its Bank Pasargad in India in the next 2-3 months to help boost trade between the two nations to bypass the US unilateral economic sanctions which have blocked international banking channels.

According to the data released by IRICA. the value of trade between Iran and Oman has increased to $870 million during the first seven months of this year from $557 million in the same period of time in the past year.

Iran’s Ambassador to Russia and chief of the EEC. in a meeting in Moscow. exchanged documents to finalize an agreement between Tehran and the EAEU to form a free trade zone and offer preferential tariffs since October 27.

Iranian Ambassador to Yerevan Kazem Sajjadi and Armenia’s Minister of Territorial Administration and Infrastructure Suren Papikyan exchanged views on ways to bolster energy cooperation between the two neighboring countries.

Turkmenistan is the top trade partner of Iran’s Northeastern province of Khorasan Razavi. and the country is working on establishing a new border crossing for increasing the volume of trade with Iran. a local official said.

A new report from Global Market Insights predicts the sector will grow at a compound annual growth rate of more than 6% over the next several years.

There was currently a supply glut in the global oil market which was caused by the US shale boom.

The Defense Ministry carries out its research activities on launching satellites and rockets in accordance with a well-established program.

The United States will have to observe the 2015 nuclear deal if it wants to meet for talks.