Peak Oil is You

Donate Bitcoins ;-) or Paypal :-)

Page added on January 5, 2019

Bookmark and Share

Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers

Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers thumbnail

All countries that were granted waivers from the United States to continue buying a certain amount of Iranian oil imports are complying with U.S. sanctions, a senior Iranian energy official said, noting that Tehran was hopeful to find new buyers.

The United States withdrew from a nuclear deal with Iran last year and snapped sanctions in place to choke Iran’s oil and banking industries, while temporarily allowing eight customers to keep buying crude from the Islamic Republic.

“China, India, Japan, South Korea and other countries that were granted waivers from America to import Iranian oil are not willing to buy even one barrel more from Iran,” Amir Hossein Zamaninia, Iran’s deputy oil minister for trade and international affairs, was quoted as saying by the Oil Ministry’s news agency SHANA.

However, without giving details, Zamaninia said: “Despite U.S. pressures on Iranian oil market, the number of potential buyers of Iranian oil has significantly increased due to a competitive market, greed and pursuit of more profit.”

The 180-day exemptions were also granted to Italy, Greece, Taiwan and Turkey.

Washington seeks to bring Iranian oil exports to zero in order to curb Tehran’s missile and nuclear programs and counter its growing military and political influence in the Middle East.

Iran has urged European countries, which are still committed to the nuclear deal, to oppose the sanctions by creating a financial mechanism that facilitates payments of Iranian oil sales.

Zamaninia said the mechanism, known as SPV (Special Purpose Vehicle for trade), would be “helpful but could not resolve the problems since U.S. influence will affect any European action”.


5 Comments on "Iran says despite U.S. sanctions, it has found new ‘potential’ oil buyers"

  1. GetAVasectomySuckerLifeSuckAss on Sat, 5th Jan 2019 10:55 am 

    Sydney is over: From glittering world city to sad and chaotic wasteland. What went wrong?

    Douglas Todd: Aboriginals and whites leaving Metro Vancouver

    Toronto is also a shit hole

    Australian and Canada are now heading for third world status fast. White people are moving out of main cities in Canada and Australia and heading for the country side. Peak oil might actually save the White race because the majority Arab, black, Indian and Asian will be fighting each other. The death rate among the majority will be astonishing.

  2. dissident on Sat, 5th Jan 2019 11:22 am 

    The US is now running a protection racket where it forces countries around the world with whom they can do business. If they dare ignore the BS edicts put out from Washington, then they are subjected to coercion and threats.

    It is transcendentally obscene to sanction Iran while utterly ignoring the state terrorism of Saudi Arabia. Iran’s non-compliance with the narrow interests of the US and its minions does not make Iran into a wrong doer. American interests do not trump the interests of sovereign countries.

  3. Outcast_Searcher on Sat, 5th Jan 2019 11:58 am 

    The word greed is so ironic these days. The people accusing others of greed the most aggressively are often the far left who wants something for nothing (or to give away the money earned by others for political gain), or the far left who constantly whines about the greed of successful corporations, even while they tax them all that is possible to further their political agendas.

    Wanting to earn a profit margin does NOT automatically imply “greed”. Words have precise meanings, as Ayn Rand said.

  4. Outcast_Searcher on Sat, 5th Jan 2019 12:03 pm 

    In a world where oil is a fungible resource and the US has plenty of enemies due to their own bad behavior, how can anyone with a brain be surprised that Iran will try to evade the sanctions OR that they will find willing buyers.

    The US should focus on productive things like balancing its budget and becoming powerful by economic means (like productivity and infrastructure) instead of coercion. Spending lots of money angering many people is no more productive long term than spending lots of money with endless wealth transfers to people who aren’t willing to earn what they want to spend, to buy votes. No wonder the US has a $20 trillion plus federal debt, and climbing rapidly.

  5. Chrome Mags on Sun, 6th Jan 2019 3:02 am 

    Iran says despite U.S. sanctions (not on china and 7 other countries), has found new ‘potential’ oil buyers.

    Doesn’t sound too challenging.

    I still find it fascinating that all the harsh rhetoric to slam Iran into the stone age by not allowing them to sell their oil via sanctions, was altered just prior to taking effect for 8 countries to continue to buy their oil. From rage to a very kind gesture in a flash, but why?

Leave a Reply

Your email address will not be published. Required fields are marked *