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2018-06-04 13:30:00

IRAN NEEDS SUPPORT

IRAN NEEDS SUPPORT

SHANA - Iranian Minister of Petroleum Bijan Zangeneh has called on Suhail Mohammed Al Marzouei, UAE Minister of Energy and Industry and the President of the OPEC Conference in Vienna on July 22, to instruct inclusion of an agenda item in support for members targeted by sanctions.

Mr. Zangeneh sent a letter to Al Marzouei, in which he underlined imposition of unlawful, unilateral and extraterritorial sanctions by the US government on the Islamic Republic of Iran which clearly violate the international agreement that had been endorsed by the UN Security Council.

By referring to Article 2 of the Statute of the Organization of Petroleum Exporting Countries (OPEC), which emphasizes safeguarding the interests of Member Countries individually and collectively, Mr. Zangeneh asked Al Marzouei to instruct the Secretariat to include a separate agenda item under the title "OPEC Ministerial Conference support to the Member Countries that are under illegal, unilateral and extraterritorial sanctions".

The Iranian Minister of Petroleum further stressed that should the sanctions lead to any reduction in the oil market share of the I.R. Iran, Tehran, once the illegal limitations were resolved, reserves the right to return to its oil market share in the shortest possible time and resume its normal production-level and that it would not accept any limitations in that regard.

Mr. Zangeneh also underlined recent remarks by certain OPEC members, noting that the Organization adopted decisions by consensus and no single member spoke for the body.

-----

Earlier:

 C.Asia
2018, May, 30, 13:45:00

INDIA IGNORES SANCTIONS

BLOOMBERG - India, a long-time buyer of oil from both Iran and Venezuela, only complies with United Nations-mandated sanctions and not those imposed by one country on another, said foreign minister Sushma Swaraj at a press conference in New Delhi on Monday.

 C.Asia
2018, May, 23, 10:21:00

IRAN - EUROPE NUCLEAR

WNN - "We met today to confirm the continuing commitment of the European Commission and the Atomic Energy Organisation of Iran towards the implementation of the Joint Comprehensive Plan of Action, and in particular its Annex III which addresses civil nuclear cooperation," Cañete and Ali Akhbar Salehi, president of the AEOI, said in a joint statement on 19 May. "We believe that the continuing implementation of the JCPOA, which was unanimously endorsed by UN Security Council Resolution 2231, is crucial for the development and progress of the region as well as the global peace and security."

 C.Asia
2018, May, 21, 11:00:00

IRAN & VENEZUELA SANCTIONS

NYT - China and India are the biggest buyers of Iranian crude, but they also provide markets for 40 percent of Venezuelan exports, which have been plummeting under the weight of mismanagement, debt and American financial sanctions.

 C.Asia
2018, May, 21, 10:55:00

EU & IRAN SANCTIONS

SHANA - Climate Action and Energy Commissioner Miguel Arias Cañete met Iranian Minister of Petroleum Bijan Zangeneh in his Tehran office on Saturday in a bid to protect Iran's oil trade following US withdrawal from the nuclear deal.

 C.Asia
2018, May, 21, 10:50:00

EU - IRAN COOPERATION

IRNA - since banning Iran’s oil exports was the first sanction imposed by the US, in their statement, Europeans has put extra emphasis on the continued sale of Iran’s oil and gas condensate petroleum products and petrochemicals and related transfers.

 C.Asia
2018, May, 18, 09:05:00

NO IRAN SANCTIONS

REUTERS - European Union leaders united behind the 2015 accord, and Brussels announced it would launch a legal process banning EU-based firms from complying with the sanctions that President Donald Trump has reimposed on Iran.

 C.Asia
2018, May, 14, 11:35:00

GLOBAL IRAN SANCTIONS

PLATTS - Trump's plan to leave the Iran nuclear deal and reimpose sanctions could have major impacts for global oil, natural gas, metals and petrochemical markets.

Tags: IRAN, OIL, SANCTIONS, OPEC
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