Oil and Gas News from OilGasDaily.Com  
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
Researchers report novel hybrid catalyst to split water

Orange, tea tree and eucalyptus oils sweeten diesel fumes

Critical plant gene takes unexpected detour that could boost biofuel yields

'Tricking' bacteria into hydroxylating benzene

OIL AND GAS
Surrey makes breakthrough in perovskite solar cell technology

Jumby Bay island to benefit from additional clean energy supply

Researchers solve major challenge in mass production of low-cost solar cells

A milestone on the path towards efficient solar cells

OIL AND GAS
ENGIE: Wind energy footprint firmed up in Norway

Batteries make offshore wind energy debut

India embarks on offshore wind energy effort

New wind turbines are even efficient in low winds

OIL AND GAS
The vanishing nuclear industry

Japan aims for 24% renewable energy but keeps nuclear central

Electrospun sodium titanate speeds up the purification of nuclear waste water

Framatome welcomes Taishan 1 grid connection, the first EPR reactor in the world

OIL AND GAS
Dutch unveil ambitious law to cut greenhouse gases

Latvia declares state of disaster over drought

China unveils new climate goals for 2020

Ocean's heat cycle shows that atmospheric carbon may be headed elsewhere

OIL AND GAS
Strict new emissions tests disrupt Volkswagen production

Lyft pushes into bikes with new acquisition

Volkswagen to stash cars at Berlin's problem airport

Lyft value jumps to $15.1 billion in new funding round

OIL AND GAS
Iraqis begin colossal clean-up campaign in battered Mosul

Iraqis fill the Mosul airwaves after IS radio silence

Iraq PM and cleric Sadr agree alliance

Iraq says it killed 45 IS jihadists in Syria strike

OIL AND GAS
Mattis vows 'strong defensive stance' on N. Korea

Pentagon chief seeks to reassure S. Korea, Japan on North

S. Korea court offers conscientious objectors route away from army

N. Korea still building at nuclear site: monitor









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.