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2018-08-10 10:25:00

SWITZERLAND - IRAN SANCTIONS

SWITZERLAND - IRAN SANCTIONS

REUTERSThe Swiss government regrets the "deteriorating" situation regarding sanctions imposed by the United States on Iran, but recommends Swiss firms pursue their business relations with the Islamic Republic on an informed basis, it said on Thursday.

Companies doing business with Iran will be barred from the United States, President Donald Trump said on Tuesday, as new U.S. sanctions targeting dollars, metals trading, coal, industrial software and its auto sector took effect despite pleas from Washington's allies.

The move follows Washington reneging on a 2015 deal to lift sanctions in return for curbs on Iran's nuclear program.

European countries, hoping to persuade Tehran to continue to respect the deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out. But that has proved difficult: European companies have quit Iran, arguing that they cannot risk their U.S. business.

"U.S. decisions on sanctions do not affect the legal situation in Switzerland with regard to Iran," said Fabian Maienfisch of the State Secretariat for Economic Affairs (SECO).

Renewed U.S. sanctions may affect Swiss firms that have business relations with Iran, however.

"Switzerland regrets that the sanctions situation in relation to Iran is again deteriorating," he said.

The Swiss federal government would defend Swiss economic interests but cannot dictate the reaction of companies to the new climate, he said, adding: "[The government] recommends that companies pursue their commercial relations with Iran and inform themselves about the situation".

Swiss-based Nestle (NESN.S), the world's biggest food company which produces infant formula and cereals as well as bottled water in Iran, said on Tuesday that it sees no direct fallout from renewed U.S. sanctions on the country.

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Earlier: 

 C.Asia
2018, August, 8, 12:05:00

U.S. SANCTIONS FOR THE WORLD

ARAB NEWS - US President Donald Trump warned the world against doing business with Iran on Tuesday as he hailed the “most biting sanctions ever imposed,” triggering a mix of anger, fear and defiance in Tehran.

 C.Asia
2018, August, 6, 13:20:00

IRANIAN GAS UP

SHANA - The CEO of Pars Oil and Gas Company (POGC) said Iran's natural gas production from the supergiant South Pars Gas Field will increase by 100 million cubic meters by the end of the current calendar year to Mach 2019.

 C.Asia
2018, August, 1, 09:25:00

IRANIAN OIL EXPORTS 2.3 MBD

SHANA - Iran exported an average of 2.3 million barrels per day of crude oil to Asian and European countries during the four months. This is while exports for last calendar year's corresponding period stood at 2.115 mbd.

 C.Asia
2018, July, 25, 10:05:00

СОТРУДНИЧЕСТВО ИРАНА И РОССИИ

МИНЭНЕРГО РОССИИ - Стороны обсудили ход реализации Дорожной карты российско-иранского сотрудничества в энергетической сфере, возможность участия российских нефтегазовых компаний в ряде добычных проектов на территории Ирана, взаимодействие в части совместных инфраструктурных газовых проектов, а также сотрудничество в многосторонних форматах – по линии ОПЕК и ФСЭГ.

 C.Asia
2018, July, 25, 09:50:00

TURKEY OPPOSES IRAN SANCTIONS

REUTERS - Turkey has told American officials it opposes U.S. sanctions on Iran and is not obliged to implement them, Foreign Minister Mevlut Cavusoglu said on Tuesday.

 C.Asia
2018, July, 25, 09:45:00

THE DIFFICULT IRANIAN SANCTIONS

OGJ - “Russia already has improved its relations with Iran. Given its foreign policy stance toward the US, this could grow if it believes it would undermine the US position. Russia is taking a long-term view. It sees several obstacles, which it is determined to overcome.”

 C.Asia
2018, July, 25, 09:40:00

IRANIAN OIL FOR INDIA: №2

REUTERS - India, Iran’s top oil client after China, shipped in 5.67 million tonnes, or about 457,000 barrels per day (bpd), of oil, from the country in the first three months of this fiscal year, Dharmendra Pradhan told lawmakers in a written reply.

Tags: SWITZERLAND, USA, IRAN, SANCTIONS

Chronicle:

SWITZERLAND - IRAN SANCTIONS
2018, October, 22, 11:55:00

RUSSIA - EXXON: NEW PROJECTS

BLOOMBERG - Russia has begun discussions with Exxon Mobil Corp. on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.

SWITZERLAND - IRAN SANCTIONS
2018, October, 22, 11:50:00

IMF HAS UKRAINE FOR $3.9 BLN

IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.

SWITZERLAND - IRAN SANCTIONS
2018, October, 22, 11:45:00

UKRAINE'S GAS PRICES UP 23.5%

CNBC - Ukraine announced on Friday it would raise household gas prices by nearly a quarter as Prime Minister Volodymyr Groysman warned that the country risked default if it crashed out of its International Monetary Fund aid program.

SWITZERLAND - IRAN SANCTIONS
2018, October, 22, 11:40:00

SCHLUMBERGER NET INCOME $644 MLN

Schlumberger Announces Third-Quarter 2018 Results Revenue of $8.5 billion increased 2% sequentially Pretax operating income of $1.2 billion increased 5% sequentially EPS was $0.46 Cash flow from operations was $1.8 billion Free cash flow was $1.0 billion

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