Tag Archives: Iran

An official with the National Iranian Oil Company (NIOC) said that the development project of South Pars Phase 11 would commence this Iranian calendar year (ending on March 20).

More than 82.000 megawatts of electricity have been generated by Iranian power plants in the past five months since March 21 (the start of the local calendar year). which puts the country among the top 9 energy producers in the world.

Iran will take the third step of reducing commitments within the JCPOA if Europe cannot offer the country new terms by the deadline at the end of this week.

Governor of the Central Bank of the Islamic Republic of Iran (CBI) Abdolnaser Hemmati says the country’s economy is more stable now compared to last year as inflation rate loses momentum.

The agreement was earlier signed in 2009 during PPP government for 25 years. but since then the project could not get the shape.

The contents of the deal are unchangeable and all parties and signatories to it need to be committed to its contents.

The US had targeted Iran in different sectors.

Governor of Iran’s Central Bank aid that Tehran’s policies have fruited result and the country is now enjoying a stable economy 16 months after US President unilaterally withdrew Washington from the nuclear deal and later imposed tough sanctions against.

Iranian Foreign Minister Mohammad Javad Zarif. in a Twitter post. reminded his American counterpart Mike Pompeo that Tehran will keep selling oil to any and all buyers despite all Washington’s pressures through piracy and threats.

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.