New Railway to Link Iranian, Syrian Coasts
TEHRAN (Dispatches) - A report by the Syrian ministry of transport has revealed a bid on connecting Iranian and Syrian coasts as well as the Iranian town of Shalamcheh to Iraq’s Basra by a railway system that stretches from the Port of Imam Khomeini to the Port of Latakia.
Iran’s national state-owned railway system announced in April a project linking the cities of Shalamcheh and Basra via a 32-kilometer railway project financed and implemented by the Iranians.
Iran seeks to bolster its presence in Syria through scoring many vital economic agreements which will help it in dodging U.S. sanctions.
All this coincides with accelerating the implementation of the railway project linking Iran to Syria through Iraq.
More on Syria-Iran deals, state news agency IRNA said a memorandum of understanding signed by the two countries’ electricity ministers in Tehran covered the construction of power plants, transmission lines, cutting losses in Syria’s electricity network, and the possibility of connecting the two countries’ grids through Iraq.
More on Syria-Iran deals, state news agency IRNA said a memorandum of understanding signed by the two countries’ electricity ministers in Tehran covered the construction of power plants, transmission lines, cutting losses in Syria’s electricity network, and the possibility of connecting the two countries’ grids through Iraq.
Its exports to Syria increased after a tax exemption. Tehran also signed an agreement to develop phosphate mines in Syria and is looking to enter the telecommunications sector as a third mobile operator.
Oil Moves Higher as Tentative U.S.-China Hopes Lend Support
WASHINGTON (CNBC) - Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal.
Brent crude futures for January rose 84 cents to $62.53 a barrel , erasing earlier losses and reaching peaks last seen on Sept. 27. December U.S. crude futures also swung back into positive territory, up 67 cents at $56.88 a barrel.
Chinese President Xi Jinping and U.S. President Donald Trump have been in continuous touch through "various means”, China said on Monday, when asked when and where the two leaders might meet to sign a trade deal.
On Friday prices jumped by about $2 a barrel after U.S. officials said a deal could be signed this month.
"For all of Friday’s feel-good factor, there is no guarantee that they will put pen to paper before the end of the year. This could be problematic, given that U.S. tariffs planned for Dec. 15 remain on the table,” PVM analysts said in a note.
WASHINGTON (CNBC) - Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal.
Brent crude futures for January rose 84 cents to $62.53 a barrel , erasing earlier losses and reaching peaks last seen on Sept. 27. December U.S. crude futures also swung back into positive territory, up 67 cents at $56.88 a barrel.
Chinese President Xi Jinping and U.S. President Donald Trump have been in continuous touch through "various means”, China said on Monday, when asked when and where the two leaders might meet to sign a trade deal.
On Friday prices jumped by about $2 a barrel after U.S. officials said a deal could be signed this month.
"For all of Friday’s feel-good factor, there is no guarantee that they will put pen to paper before the end of the year. This could be problematic, given that U.S. tariffs planned for Dec. 15 remain on the table,” PVM analysts said in a note.