Energy Economy

Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati lauded the new coordinating structures harmonizing interactions between CBI and relevant ministries of the country as the ground for 69% increase in imports of basic goods in the past 5 months

That’s the damning verdict from French bank BNP Parabas. which says in terms of transport. the economics of renewables are now impossible for oil to compete with.

Armenian Prime Minister Nikol Pashinyan said that he has been tasked by the leaders of the countries of the Eurasian Economic Council to invite Iranian President Hassan Rouhani to the supreme meeting of the body slated to be held in Yerevan in October.

Iran has already carried out necessary work in 3 4 of the railway and is committed to bringing the project to completion.

Customers will continue to receive gas supplies as normal and credit balances will be protected.

The news follows German electric utility RWE’s announcement to close its 1.56GW coal plant in Wales next March.

The IEA said tensions in the Persian Gulf. where some oil tankers have been attacked. have heightened concerns.

Iran is conducting technical and engineering projects in CIS countries and Iraq.

Latest official reports from Iranian authorities show that the country’s export has preponderated over its imports in the second quarter of 2019. indicating that Tehran’s economic policies to cushion Washington’s unilateral pressures are bearing fruit.

The six-year deal will see the system operator able to accurately measure system inertia for the first time.