Subscribe free to our newsletters via your
. Space Industry and Business News .




ENERGY TECH
US targets Iran petrochemical industry
by Staff Writers
Washington (AFP) May 31, 2013


The United States on Friday imposed sanctions on Iran's petrochemical industry, vowing to target more of the Islamic regime's sources of revenue after curbing its vital oil exports.

Washington also announced action against companies based in Cyprus, Kyrgyzstan, Ukraine and the United Arab Emirates for support to Iranian entities accused of involvement in the country's controversial nuclear program.

US officials said they were taking action against Iran's petrochemical industry as it represented the Iranian government's largest source of revenue after oil, which has been severely curtailed by a US-led sanctions campaign.

"We are committed to intensifying the pressure against Iran, not only by adopting new sanctions, but also by actively enforcing our sanctions and preventing sanctions evasion," David Cohen, the Treasury Department point man on sanctions, said in a statement.

"We will continue to work with our partners around the world to ensure that the sanctions pressure on Iran builds so long as Iran continues to defy its... international obligations," he said.

The United States slapped sanctions that include a ban on US-based financial transactions on the Niksima Food & Beverage Co., a Dubai-based frozen yogurt and dessert company.

The State Department accused the company of receiving payments on behalf of Iran's Jam Petrochemical Company, which was put under the same sanctions.

The Treasury Department also identified eight Iranian petrochemical companies as being under the control of the Tehran government, which subjects them to US sanctions.

The United States, Israel and European nations have demanded that Iran end sensitive uranium work, fearing that it could be used to develop a nuclear bomb. Iran insists its nuclear program is for peaceful purposes.

Since last year, the United States has brandished sanctions against anyone who buys Iran's oil. In its latest move, it punished Ferland Co., which is based in Cyprus and Ukraine, for allegedly assisting the Iranian National Tanker Company.

US authorities also took action against several individuals and airlines for alleged cooperation with Iran, including Kyrgyzstan-based Kyrgyz Trans Avia and Ukraine-based Ukrainian-Mediterranean Airlines, also known as Um Air.

Despite the tough sanctions, the United States on Thursday lifted a ban on laptops, mobile telephones and other equipment, saying the step would help ordinary Iranians circumvent government controls.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

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








ENERGY TECH
Iraq hints OPEC to stabilise output
Vienna (AFP) May 30, 2013
Iraq indicated Thursday that OPEC should maintain its oil production ceiling at this week's output meeting in Vienna, arguing it was wary of damaging the fragile global economy by cutting output which would raise crude prices. "In general, OPEC targets - in making the market well supplied - are met these days and we do not want to cause a shock to the market which will affect the global ec ... read more


ENERGY TECH
Radiation Measured by Curiosity During Mars Trip Has Implications for Human Missions

NASA, Researchers Use Weightlessness of Space to Design Better Materials for Earth

Helicopter-light-beams - a new tool for quantum optics

Just how secure is quantum cryptography

ENERGY TECH
Mutualink Platform to be Deployed by US DoD during JUICE 2013

General Dynamics to Deliver U.S. Army's Newest Tactical Ground Station Intelligence System

Boeing-built WGS-5 Satellite Enhances Tactical Communications for Warfighters

US Navy And Lockheed Martin Deliver Secure Communications Satellite For Mobile Users

ENERGY TECH
SES-6 Proton Breeze M Scheduled For Launch Monday

First Light Angara Rocket Ready for Launch

Russia to launch 12 Proton-M rockets in 2013

Russian Spacecraft Manufacturer to Make Four Launches in 2014

ENERGY TECH
Orbcomm And Cartrack Deliver Telematics Solution For African Market

Narayansami Inaugurates ISRO Navigation Centre

Advanced aircraft detection to prevent 'friendly fire' mishaps

GPS solution provides three-minute tsunami alerts

ENERGY TECH
Slow progress on Unasur plans for a joint trainer aircraf

EADS sweetens KF-X offering

NASA's BARREL Mission Launches 20 Balloons

US F-15 crashes in Japan, pilot ejects safely

ENERGY TECH
Milwaukee-York researchers forward quest for quantum computing

New Technique May Open Up an Era of Atomic-scale Semiconductor Devices

Bright Future For Photonic Quantum Computers

New magnetic graphene may revolutionize electronics

ENERGY TECH
NASA Ships Sensors for Seafaring Satellite to France

NASA's Landsat Satellite Looks for a Cloud-Free View

Google team captures Galapagos Island beauty for maps

NASA Helps Pinpoint Glaciers' Role in Sea Level Rise

ENERGY TECH
Microplastic pollution prevalent in lakes too

Fresh oil spill from Turkish tanker off Cape Town

Poland dumps old garbage system for greener setup

Wal-Mart fined $110 mn over hazardous waste




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal 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. 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. Privacy Statement