Space Industry and Business News  
OIL AND GAS
Iran's oil can still flow, the country's first vice president says
by Daniel J. Graeber
Washington (UPI) Jul 3, 2018

Iran's first vice president said the U.S. government's efforts to force Tehran's customers to stop importing any of its oil by November is not realistic.

"U.S. sanctions would not be a straitjacket for Iran as the country would tap various methods to render the embargoes ineffective," First Vice President Eshaq Jahangiri was quoted as saying by the Iranian Oil Ministry's news website SHANA.

Jahangiri's comments late Monday followed a briefing on Iran's oil from Brian Hook, the director of policy planning at the U.S. State Department. U.S. President Donald Trump in May pulled his country out of a U.N.-backed agreement with Iran that offered sanctions relief in exchange for peaceful nuclear commitments.

By early August, U.S. sanctions go into force on Iran's automotive industry and its trade in gold. Sanctions on the country's energy sector, its trade in oil and transactions with the Central Bank of Iran snap back into place Nov. 6.

Hook said the aim is to zero out Iranian oil exports by then, but offered some room for maneuvering.

"We are prepared to work with countries that are reducing their imports on a case-by-case basis," he said Monday. "But as with our other sanctions, we are not looking to grant waivers or licenses."

Iran is exporting about 2 million barrels of oil per day. During the weekend, Trump said Saudi Arabia agreed to help cover the loss by tapping into some of its 2 million bpd in spare capacity. The Iranian government countered that any independent action from Riyadh would violate the principles of a multilateral deal through the Organization of Petroleum Exporting Countries to control output.

Jahangiri added that Iran could get around some of the U.S. pressure through effective trade planning. One of the plans under consideration, he said, is a bartering mechanism.

The Iranian government said China, which isn't as exposed to U.S. sanctions as other countries, remains interested in importing oil. European leaders, meanwhile, have shown willingness to figure out a way to keep the nuclear agreement in place without the United States.

Iranian President Hassan Rouhani arrived Tuesday in Switzerland and later heads to Austria, which took over the rotating presidency of the European Union during the weekend. Speaking from the Swiss capital, the Iranian president said it was illogical to bow to the unilateral pressure from the United States.

"Iranians have never surrendered to foreign pressure and will never do so," he said.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Shah Deniz sets cornerstone for European energy security
Washington DC (UPI) Jul 02, 2018
The start of the second phase of the Shah Deniz gas field off the coast of Azerbaijan sets a cornerstone for European energy security, an analyst said. British energy company BP said Monday its partners at the Shah Deniz field in the Caspian Sea marked the start of operations with the first commercial gas delivery to Turkey. Heralded as BP's largest gas discovery when it was announced in 1999, the first phase of Shah Deniz started sending gas to Azerbaijan, Georgia and Turkey in 2006. Th ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Smarter, faster algorithm cuts number of steps to solve problems

New, safer waterproof coating invented by MIT scientists

Indian Space Agency to teach foreign students how to build satellites

Experiments of the Russian scientists in space lead to a new way of 3D-bioprinting

OIL AND GAS
New Land Mobile Technology Driving The Need For Modern Satcom Capabilities

On-the-move communications system set to field this fall

Lockheed Martin's 5th AEHF comsat completes launch environment test

IAP Worldwide Services tapped for satellite systems

OIL AND GAS
OIL AND GAS
Russia launches Soyuz-21b with Glonass-M navigation satellite

China's Beidou system helps livestock water supply in remote pastoral areas

UK says shut out of EU's Galileo sat-nav contracts

Woman drowns in Prague drains playing GPS treasure hunt

OIL AND GAS
UK lawmakers approve expanding London's Heathrow airport

Lockheed wins more than $1 billion for F-16 production

Navy awards contract for F-35 support outside U.S.

V-22 Ospreys to receive ballistic protection panels

OIL AND GAS
This is what a stretchy circuit looks like

Silicon provides means to control quantum bits for faster algorithms

Rare element to provide better material for high-speed electronics

Less is more when it comes to predicting molecules' conductivity

OIL AND GAS
Copernicus 20 years on

Sentinel-3 flies tandem

New method makes weather forecasts right as rain

UCI scientists find new teleconnection for early and accurate precipitation prediction

OIL AND GAS
Romania asks UNESCO to delay decision on gold mining region

Understanding the formation of chemical byproducts during water treatment

Environment the loser in Gabon capital's rush for growth

Nanomaterials could mean more algae outbreaks for wetlands, waterways









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.