Tag Archives: Sanctions

A number of 20 power plants. with the production capacity of 3.000 megawatts. will be inaugurated in 13 provinces of the country before the termination of the current Iranian calendar year.

Iranian Vice-President and Head of the Management and Planning Organization Mohammad Baqer Nobakht announced that the government will put into operation a 132 kilometer rail route in the Northeastern province of East Azerbaijan within the next 2 months.

Iranian Energy Minister Reza Ardakanian announced that a number of 20 power plants. with the generation capacity of 3.000 megawatts. will go online by the end of the current local calendar year on March 20.

The Grace 1 supertanker. carrying 2.1m barrels of oil. was Illegally detained by British Marines off the coasts of Gibraltar on 4 July.

China has imported 339.000 barrels a day of Venezuelan oil this year.

The new arrangement will compensate for the stoppages of RIL’s purchases of Iranian and Venezuelan crude following US sanctions on both countries.

Britain had said the vessel was violating European sanctions by taking oil to Syria. a charge Iran denies.

Russian exports to India jumped fivefold to 3 million tons in the year ending March 2018.

Gibraltar on Tuesday said it plans to de-escalate tensions with Iran over the seizure of Grace 1 supertanker. reinvigorating hopeful speculations that it might release the large vessel soon.

New statistics show that Iran has exported about 20% more steel this year. while it has cut down its imports of the item by 208%.