Page 55 - IRANRptAug20

The ORION-20 has a maximum speed of 180 km/h and can haul one tonne of cargo, plus 12 passengers.
According to a statement from ORION: “A contract for the supply of six vehicles to Iran is being implemented. Of these, three have already been delivered and accepted by the customer.”
It added: “We had to adapt our planes to Iran’s hot and humid climate and also to its rocky coastal areas, which necessitated certain changes to the planes’ original construction.”
9.1.12 ​Utilities sector news
Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati has announced that Iraq has consented to settling gas and electricity debts owed to Tehran by providing food and medicine, Mehr News Agency reported on June 18.
Newly-elected Iraqi Prime Minister Mustafa al-Kadhimi reportedly told Hemmati during a meeting in Baghdad that "Iraq will cooperate with Iran to solve the problems in payments of natural gas. I have given the necessary orders to the relevant officials.”
Since the Islamic Republic remains under US banking sanctions, Iraq is unable to freely transfer foreign currency to Tehran for gas and electricity imported from Iran.
Iranian officials have publicly estimated that Iraq owes Iran around $2bn in overdue payments for such supplies. Iraqi officials maintain that the payments have been transferred to Iran's account at Tejarat Bank of Iraq, from where it cannot progress because of the sanctions.
The value of Iran's annual exports of electricity and gas to Iraq is estimated at $2bn.
Radio Farda noted that the World Bank last August said it was deeply concerned by Iraq’s dependence on food imports, meaning it is unclear how Iraq can pay back its energy debts to Iran partly by exporting food to its neighbour. There is the prospect that Tehran could buy in food and medicine shipments ordered by Iran but delivered via Iraq, but it is unclear if that is the kind of arrangement the Iranians have in mind.
9.2 ​Major corporate news 9.2.1​Oil & gas corporate news
Iranian oil company signs ‘$460mn’ deal for new field expansion
Iran’s Persia Oil and Gas Industry Development Co. has signed a deal for the development of the Yaran oilfield, estimated to be worth “$460mn”, according to the state-run National Iranian Oil Co. (NIOC), SHANA reported on July 15.
The deal was signed with the backdrop of the US sanctions remaining omnipresent until the potential ousting of President Donald Trump later this year by Democratic candidate Joe Biden. If the latter does take the White House, Iranian authorities expect the US to re-enter the long-forgotten 2015 nuclear deal.
The deal is expected to raise the field’s output by about 40mn barrels over a 10-year period, according to a video statement released by (NIOC).
Yaran, a deposit shared between Iran and Iraq, has an estimated 550mn barrels of oil in place (OIP) and is divided into northern and southern sections in the Iranian territory.
55​ IRAN Country Report August 2020 www.intellinews.com