Energy Economy

he Indian government has allocated some Rs 100 crore for the strategic Chabahar Port project in southeastern Iran that gives India connectivity to Afghanistan bypassing Pakistan.

Iran'.s former finance minister Mohammad Javad Iravani has sent a letter to the President of FATF Xiangmin Liu. calling for the international body to put sanctions on the US President and to block all his assets and banking accounts.

133 major energy projects have been inaugurated in various provinces across the country in recent months.

Instrument Support of Trade Exchanges (INSTEX) circles are optimistic that its first deal is expected shortly.

The sanctions have severely impeded Iran'.s ability to import food. drugs and medical equipment.

Diplomats from Germany. France and the UK drew a line in the sand this month. telling US officials their bullying tactics wouldn’t help marshal support for President Donald Trump’s Iran policy.

Projects that can receive financing include onshore and offshore wind. solar farms. smart meters. energy from waste and biomass power.

A drop in oil imports from 359 million barrels to approximately 280 million barrels equates to a reduction of more than a fifth.

The world’s largest energy traders enjoyed one of their best ever years in 2019 as pipeline outages. dramatic changes in ship fuel regulations and Middle East conflicts shook up the global oil market.

Iranian Ambassador to the UK Hamid Baeidinejad in a message talked of UK government'.s tendency for expansion of new round ties with Iran.