In the past decade, constant temperature rising and significant decrease of rainfalls across Iran has put the country in a hard situation regarding electricity supply during peak consumption periods, so in the past few years power outages have been imposed in big cities to balance the power generation and consumption in such timespans. Last year, the volume of water behind the country’s dams went so down that electricity output from hydropower plants fell to a decade low. The situation was worsen by a jump in electricity consumption due to a heat-wave that blanketed the country during summer and consequently led to a huge gap between actual power generation and consumption. The energy ministry, being unable to control the situation through consumption management programs, was left with no choice but to once again order periodic blackouts in major cities in order to reduce the skyrocketing consumption. But, these frequent power outages caused a lot of damage to households, … [Read more...] about Iran electricity issue: should we expect blackouts again?
TEHRAN - Deputy Director of the Islamic Republic of Iran Customs Administration (IRICA) said following a directive by President Hassan Rouhani, IRICA is providing new facilities for importers of basic goods which makes them able to clear their commodities in less than an hour, IRNA reported.“For basic goods such as meat, system formalities and clearance procedures will be carried out in less than an hour and importers can transport their goods soon after,” Mehrdad Jamal Orounaqi said. Also on Tuesday, the head of IRICA said his organization has selected 120 major manufacturing companies under the Authorized Economic Operator (AEO) framework to provide them with especial facilities like non-stop and duty-free clearance. “These 120 companies, some of which are knowledge-based, can clear their goods using a non-stop green customs path,” Mehdi Mir-Ashrafi said, Mehr news agency reported. According to the official, one of the problems that most of the producers are … [Read more...] about IRICA to clear basic goods in less than 1 hour: official
TEHRAN- Iranian President Hassan Rouhani launched and inaugurated some development, service, and infrastructure projects worth 44.65 trillion rials (about $1.063 billion) in West Azarbaijan Province.Eight water projects worth 36 trillion rials (about $857 million) were the major projects launched or inaugurated during the one-day trip of the president to the northwestern province, IRNA reported. These development projects open a new chapter for the border province while creating direct jobs for 117,000 people and indirect jobs for 40,000 persons, as announced by Iranian Energy Minister Reza Ardakanian, who accompanied the president during his trip. As reported, the water projects supply drinking water for over 400,000 persons. Silveh Dam and irrigation-drainage canals, Karam-Abad Dam and water transferring pipeline and three pumping stations, Sardasht Dam and Power plant, and Boylapoush Dam were some of the water projects that President Rouhani launched or put into operation in person … [Read more...] about Development projects worth $1b inaugurated
TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said National Iranian Oil Company (NIOC) will continue the process of offering crude oil at Iran Energy Exchange (IRENEX), IRIB reported.The minister said: “Offering oil at IRENEX has been somehow successful and it is hoped that by removing the barriers we can expand the offering process.” He said offering crude oil and also gas condensate at IRENEX will continue as before and the Oil Ministry should offer specified amounts of the products each month. The least amount of offering crude oil is 35,000-barrel and some good facilities have been set for the buyers, Zanganeh said. NIOC offered light crude oil at IRENEX first on October 28, 2018 just few days before new U.S. sanctions on Iran’s petroleum sector took effect (November 4). In the first round, NIOC could sell some 280,000 barrels of crude oil at $74.85 per barrel. With the daily supply amount of one million barrels, the market wrapped up by selling eight … [Read more...] about Offering oil at IRENEX to continue: Zanganeh
MURAT ERSAVCI Everyone seems to agree that the time has come to expand the customs union between Turkey and the European Union. A quarter of a century has gone by since it was launched at the start of 1996. At the time it was considered as a step forward to the full political and economic integration of Turkey into the EU. But despite the passing of time, the accession negotiations opened in 2005 never led to membership. Turkey is no further than where it was then. Rejection – or at least a block which amounts to rejection in practice – meant that the customs union of 1996 has never been taken forward, even though it has been a considerable success for both sides. It has made Turkey into the fifth largest trading partner of the Union and inside Turkey helped foster the surge in growth which has transformed our country over the last 25 years. That is the good side of the story and it has been a profoundly beneficial influence, helping stabilize Turkey-EU relations. That is … [Read more...] about Time to enhance the customs union: Analysis