News in Brief
Iran expands electricity exchanges with neighbors
Iran is engaged in power exchanges with all its neighboring countries, announced Mostafa Rajabi Mashhadi, the spokesman for Iran’s state-run electricity industry.
According to the official, the main destinations for Iranian electricity exchange are Iraq, Afghanistan, and Pakistan, IRNA reported on Sunday.
He said the ground is paved for exchanging 400 megawatts of electricity between Iran and Turkey.
The official noted that negotiations have been conducted with the energy officials of Turkey in order to export and import electricity from this country.
The pilot test of electricity exchange with Turkey was carried out last year, he said, expressing hope that the way will be paved for commercializing it in the near future.
Seven-month exports
to Pakistan
up 62%
Iran’s non-oil exports to Pakistan increased by 62 percent during the first seven months of the current Iranian year (March 21-October 22), compared to the same period last year, announced the spokesman of the International Relations and Trade Development Committee of Iran’s House of Industry, Mining and Trade.
Rouhollah Latifi said that Iran exported non-oil commodities worth $1.14 billion to its neighbor Pakistan in the seven-month period of this year, Mehr news agency reported.
He also announced that Iran imported commodities valued at $352.64 million from Pakistan during the first seven months of this year, with 39 percent drop year-on-year.
The official had previously announced that Iran’s non-oil exports to Pakistan increased by 18 percent in the previous Iranian year (ended on March 20).
Pakistan was Iran’s fifth largest export market in the previous year, importing non-oil products worth $1.488 billion from Iran, Latifi said in May.
He added that Iran imported non-oil goods worth $842 million from Pakistan last year, up 170 percent from the previous year.