News in Brief
Iran’s $10b financial resources in Iraq likely to be released
The US government is likely to agree with Iran’s getting access to $10 billion worth of its financial resources in Iraq and the transfer of these resources to the Sultanate of Oman and Europe, American sources said.
The Biden administration may approve a sanctions waiver that will allow Iran to access at least $10 billion in previously frozen funds held in Iraq, Tasnim reported.
The waiver would extend the multibillion-dollar sanctions relief first issued in July that expires tomorrow. It allows Iraq to transfer frozen electricity payments into Iranian-owned bank accounts in Europe and Oman, the Free Beacon reported.
According to reports, Governor of the Central Bank of Iran (CBI) Mohammad Reza Farzin held talks with his Omani counterpart last month on the acceleration of Iran’s access to its financial resources.
Iran fully self-sufficient in electricity industry: Official
The chairman of the Iran Electrical Industry Syndicate said the country’s has attained full self-sufficiency in the electricity industry.
Payam Baqeri emphasized that Iran’s electricity industry, which was once dependent on foreign countries, has now become self-sufficient, thanks to the unflinching and nonstop efforts of the domestic engineers and experts.
He termed the electricity industry as an influential industry that has played a leading role in the development of infrastructures of the country.
The electricity industry is a driving force for the economic growth and development of the country, Baqeri stressed. The electricity industry is a symbol of self-credence and reliance upon domestic construction and also a manifestation of a resilient economy that moves based on the world’s most modern technologies and achievements, he underlined.
Baqeri pointed to fulfilling some giant electricity projects by competent Iranian companies in other countries and described it as a source of pride for Iran.