sanctions
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Iran Petchem Exports Ongoing
TEHRAN (Shana) -- Last May, the US shocked the world by unilaterally pulling out of the Joint Comprehensive Plan of Action (JCPOA) and re-imposing sanctions on Iran’s oil and petrochemical industries. The country has since been selling its petrochemicals despite the US-imposed sanctions, says a senior petrochemical official.
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Iran no Threat to World Energy Security: Min.
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh, reacting to Saudi energy minister’s recent remarks about Iran being a threat to global energy security, said: “Mr. Falih is a technocrat and a respectable person and does not often speak politically; he must have probably been asked to say such political things.”
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Window for Abe!
TEHRAN (Shana) -- Shinzō Abe, Japan's Prime Minister, who just played golf with US President Donald Trump in Tokyo two weeks ago, is heading to Tehran this week to broker easing of strained relations between Tehran and Washington.
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Targeting Petchem Companies with Sanctions, Economic Terrorism: Spokesman
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs condemned imposition of sanctions on Iran's petrochemical companies by the United States, describing it as an example of “economic terrorism”.
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Doroud Awaiting Foreign Investment
TEHRAN (Shana) -- Iran’s 2015 historic nuclear deal with the West is known as the biggest important event in the petroleum industry in recent years. The agreement, which was achieved after 10 years of intensive diplomatic talks, cleared the way for the return of Iran’s oil to global markets. Iran intends to take advantage of this opportunity to relaunch ageing oil and gas fields, as well as decrepit petroleum industry infrastructure by attracting Western capital and expertise.
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Zangeneh Says Working in Tandem with Foreign Affairs Ministry on Iran Oil Demands from Europe
TEHRAN (Shana) -- Iranian Minister of Petroleum Bijan Zangeneh said his ministry was working completely in tandem with the Ministry of Foreign Affairs regarding Iran's oil-related requests from Europe in the 60-day deadline that Tehran has given the European Union.
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Petchem Talks Continue with Foreign Companies: Official
TEHRAN (Shana) – An official with the National Petrochemical Company (NPC) said that the company’s talks with foreign investors and developers were continuing on petrochemical projects in Iran.
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Iran Oil Sanctions and Energy Security
TEHRAN (Shana) -- Today, May 19, Saudi Arabia hosts a meeting of OPEC+ monitoring committee to review oil market trends and possibly facilitate decision-making by OPEC members at their ordinary ministerial meeting next month in Vienna. This is the first meeting of OPEC and non-OPEC countries after the US administration decided to end waivers on Iran’s oil purchases since early May and push Iran’s oil exports to zero as a means to achieve its foreign policy objectives.
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Iran Oil Sanctions & Russia; Propaganda & Realities
The US policy of exerting maximum pressure on Iran for the alleged goal of bringing the country’s oil exports to zero has sent shockwaves all across world markets. In the meantime, one may wonder which nations are benefiting from this policy by substituting Iran in the market.
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US Cannot Prevent Iran Petchem Exports: MP
TEHRAN (Shana) -- A member of the Iranian parliament said the US was unable to prevent export of petrochemical from Iran to global markets.
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PGPIC Exports Continue despite Sanctions
TEHRAN (Shana) -- The CEO of the Persian Gulf Petrochemical Industries Trade Company said the current international conditions had not influenced export of petrochemicals by the Persian Gulf Petrochemical Industries Company (PGPIC).
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Iran Gives 60 Days to JCPOA Parties before Reducing Commitments
TEHRAN (Shana) -- Iran has revealed countermeasures to US’ withdrawal from the nuclear deal, removing restrictions on storage of heavy water and enriched uranium, and giving the five remaining parties to JCPOA 60 days before reducing further commitments to the agreement.
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Driving Iran Oil Exports to Zero not Possible: Speaker
TEHRAN (Shana) -- Speaker of the Iranian parliament Ali Larijani said bringing Iran’s oil exports to zero would never be realized.
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Iran Petchem Industry Unsanctionable: Deputy Minister
TEHRAN (Shana) -- Iran is required to prepare itself for unilateral US sanctions, said a deputy petroleum minister, describing the country’s petrochemical sector as unsanctionable.
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Unilateral Decisions on Iran Ineffective
TEHRAN (Shana) -- OPEC Secretary General Mohammed Barkindo said Thursday "unilateral" decisions against Iran would not be effective.
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Iran Vows Response to Threats From Fellow OPEC Producers
TEHRAN (Shana) -- Iran's petroleum minister said Thursday that his country will respond to any threats by fellow OPEC member states.
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Italian Firms Seeking Presence in Iran despite Restrictions
TEHRAN (Shana) -- The trade commissioner of the Italian Trade Agency (ITA) said that Italian companies favored presence in Iran despite the sanctions and current US-forces restrictions.
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No Unilateral Decisions in OPEC
TEHRAN (Shana) -- The secretary general of the Organization of the Petroleum Exporting Countries (OPEC) said there were no unilateral decisions in the organization.
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NISOC Resists Bans at Full Capacity
TEHRAN (Shana) -- The CEO of the National Iranian South Oil Company (NISOC) said the company was fully withstanding the sanctions.
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Iran Says Never Allows US to Drive Oil Exports to Zero
TEHRAN (Shana) -- Iranian President Hassan Rouhani said: “We do not allow the US decision on bringing Iran's oil exports to zero to be realized.”
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US Displayed “Schoolyard Bullying” by Re-Imposing Bans on Iran: Official
TEHRAN (Shana) -- A senior Iranian oil official said that the White House’s re-imposition of sanctions on Iran was US’s “schoolyard bullying” reaction to the new balance of power in the world.
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Long-term Replacement of Iran Oil, Not Possible: MP
TEHRAN (Shana) -- A member of the Iranian parliament said offsetting the shortage caused by removal of Iranian oil from the market was not possible in the long run.
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Iran's Oil Exports to Continue: Official
TEHRAN (Shana) -- The head of the Iranian presidential office said: "The Islamic Republic of Iran will undoubtedly sell its oil and our oil revenue and exports will continue.”
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We will Export Oil as Much as We Intend: Ayatollah Khamenei
TEHRAN (Shana) -- On the occasion of the National Week of Labor and Laborers, a group of laborers from across the nation met with Ayatollah Khamenei—the Supreme Leader of the Islamic Revolution— at the Hussayniyeh of Imam Khomeini (r.a), this morning April 24, 2019.
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Bringing Iran Oil Exports to Zero Impossible: Rouhani
TEHRAN (Shana) -- Iranian President Hassan Rouhani said, “Bringing Iran’s oil exports to zero was not possible and we will continue to sell our oil by various methods.”
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Politicizing Oil, Big US Mistake: Zangeneh
TEHRAN (Shana) – Iranian Minister of Petroleum Bijan Zangeneh said the US had made a big mistake by politicizing oil, saying, “We will exert our maximum effort to break US sanctions.”
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Iran Pegs No Value to US Sanctions Waivers: Spokesman
TEHRAN (Shana) – The spokesman of the Iranian Ministry of Foreign Affairs said: “Regarding the unlawful nature of [US] sanctions, Iran has not given and does not put any value on the sanctions waivers.”
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Impact of Trump's Irrational Decisions on Oil Market
TEHRAN (Shana) -- The Brent crude oil, last night, for the first time in 2019, crossed the $71/barrel threshold, only hours after the US labelled Iran's elite Revolutionary Guard Corps a 'terror group', indicating that the US President, contrary to his tweets, not only was not concerned about stabilizing the oil market and helping cut fuel prices in the US, but also caused turmoil in the market with his illogical decisions.
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How to Counter Oil Sanctions
TEHRAN (Shana) -- We view sanctions as the conditions or the scope of project, i.e. assessing every factor, which is likely to affect the project processes and the triangle of time-quality-cost for a project.