Browsing All Posts published on »June, 2012«

The least you need to know about Iran and imposed sanctions

June 30, 2012

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The U.S. and Europe want to deprive Iran of the oil income it needs to run its government and, most importantly, fund what they believe is an effort to build a nuclear weapon. Their efforts are entering a new phase this week. The U.S. will penalize banks that do oil deals with Iran, while European […]

Iran makes its first 3D short film

June 28, 2012

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Iran has made its first 3d short film entitled “The Chicken King”, IRNA (Islamic Republic News Agency) reported. Producer of the film Mehdi Madanian noted at the press-conference that it is the first film completely made in 3D in Iran. He added that the film was made in Iran’s Isfahan city, it is completely in […]

“Iran’s revenues from gas exports reduce”

June 28, 2012

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Iran’s revenues from gas exports are going down, EU economic advisor Mehrdad Emadi said, commenting on the gas swaps between Iran and its neighbors. Iran’s geographic location makes it an ideal gateway for transporting and swapping various energy carriers in the Middle East and Central Asia. The first sea shipment of liquid gas from a […]

Iran may lose more than half a million bpd in oil exports

June 26, 2012

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Iran may lose as much as half a million bpd of its oil exports if the current situation continues, EU economic advisor Mehrdad Emadi said. The expert was commenting on the ongoing oil export difficulties that Iran is experiencing, due to imposed sanctions from both the U.S. and the EU. “Given the decline in the […]

EU advisor: U.S. gave clear message to China regarding imports of Iran’s oil

June 26, 2012

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The U.S. government’s decision to exempt India but not China from the sanctions, was a clear message that Chinese firms were soon to be included in the list of sanctioned firms with serious financial and market-access consequences for them, EU economic advisor Mehrdad Emadi said. The advisor was commenting on how China will continue to […]

“Iran likely to increase use of own tankers to transport its oil to China”

June 26, 2012

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Iran is likely to to try to increase its use of own tankers to transport oil to China in order to maintain China as a main oil buyer, EU economic advisor Mehrdad Emadi said. On June 20 Reuters reported that China’s Unipec, trading arm of top Asian refiner Sinopec Corp, has requested Iran to deliver […]

“Righ now Iran is choking on its own nuclear ambitions”

June 25, 2012

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I honestly think that right now Iran is choking on its own nuclear ambitions. Both official and unofficial statistics show that Iran’s economy is being pounded by the sanctions imposed by both EU and the United States. Iran held three nuclear negotiations for the past three months. First it was in Turkey (Istanbul) on April […]

Japan’s Mitsubishi renews Iran oil imports deal

June 22, 2012

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Japanese trading house Mitsubishi Corp has renewed its annual oil purchase deal with Iran but cut the loading volume to comply with U.S. sanctions against the Islamic nation, trade sources said on Friday, according to Reuters. As Western nations tighten curbs in their bid to curtail Tehran’s disputed nuclear program, Iran’s crude exports in April […]

China May Iranian crude oil imports total 2.22 mil mt, up 39%

June 22, 2012

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China’s crude oil imports from Iran in May returned to year-ago levels following a significant drop in the first four months of the year, rising nearly 39% month on month to 2.22 million mt (524,100 b/d), according to official customs data received by Platts Friday. The May volumes were just 2.3% down from the same […]

Flame can sabotage computers, likely used to attack Iran – Symantec Corp

June 22, 2012

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The powerful Flame computer virus is not only capable of espionage but it can also sabotage computer systems and likely was used to attack Iran in April, according to a leading security company, Symantec Corporation, Reuters reported. Iran had previously blamed Flame for causing data loss on computers in the countrys main oil export terminal […]

“Iran’s oil exports to drop 200-300 thousand bpd more”

June 22, 2012

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Oil exports from Iran are going to drop further by 200-300 thousand bpd close to the end of 2012, professor at the University of Glasgow and expert on nuclear issues Reza Taghizadeh believes. Uncorfirmed reports say crude exports from Iran so far this month have dropped to between 1.2 million barrels per day (bpd) and […]

Expert says insurers no longer willing to touch Iranian cargos

June 20, 2012

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As a result of sanctions Iranian exports are down, as insurers no longer are willing to touch Iranian cargos, Senior fellow at Nanyang Technological University’s S. Rajaratnam School of International Studies, James M. Dorsey said. Countries look for alternative sources, as payment to Iran becomes more and more difficult,” Dorsey said, commenting on the sanctions […]