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China Pulls out of Iran Oil Development

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China Pulls out of Iran Oil Development Written by  Shamsi Saadati  on  08 October 2019 . The Iranian regime’s oil minister Bijan Zangeneh  said  Sunday that China’s state oil company pulled out of a $5 billion deal to develop part of the Gulf State’s massive offshore natural gas field; something that France’s Total SA withdrew from in 2018 over US sanctions. The South Pars field deal, which was agreed upon following the  2015 nuclear deal  with world powers. The deal is about to collapse since the Iranian regime starts breaching it. In addition, U.S. sanctions on the Iranian regime have made it harder for foreign companies to do business in Iran. Zangeneh said that the China National Petroleum Corp. (CNPC) was “no longer in the project”, but did not elaborate on the reason for this, but the oil ministry’s SHANA news agency said CNPC “had pulled out of a contract”. Iran has the world’s second-largest known reserves of natural gas and the ...

MARYAM RAJAVI: ATTACK ON NEIGHBORING COUNTRY’S OIL INSTALLATIONS IS A MAJOR AND BELLIGERENT STEP

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mARYAM RAJAVI: ATTACK ON NEIGHBORING COUNTRY’S OIL INSTALLATIONS IS A MAJOR AND BELLIGERENT STEP   Statements of Maryam Rajavi Inaction only emboldens Iran’s religious dictatorship The Iranian regime’s coordinated missile and drone attack on Saudi Arabia’s oil installations is a blatant act of war. Subsequent to the attack, the clerical regime’s Supreme Leader Ali Khamenei rejected any negotiations at any level with the United States unless “America repented.” He also stressed, “They send the Europeans… to insist to us to come and have a meeting with the American President and all your problems will be solved. This is because they want to prove that the policy of maximum pressure is a success. On the contrary, we must prove that the policy of maximum pressure is not worth a penny.” Mrs.  Maryam Rajavi , the President-elect of the National Council of Resistance of Iran ( NCRI ), described the attack on a neighboring country’s oil installations a major s...

Iran’s reactions to global condemnation of attacks on Saudi oil facilities

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Iran’s reactions to global condemnation of attacks on Saudi oil facilities U.S. intelligence community released satellite images of the latest attack on Saudi oil facilities Iran, September 16, 2019 — The attack on Aramco oil facilities in eastern Saudi Arabia on Saturday , September 14, have resulted in a wide scope of global condemnations. Increasing reports are pointing fingers at Iran’s regime and denying the claim made by Tehran-backed Houthis in Yemen accepting responsibility for this recent  assault . “Iran launched nearly a dozen cruise missiles and over 20 drones from its territory in the attack on a key Saudi oil facility,” a senior U.S. official said to ABC. Keyhan  daily, a known mouthpiece of Iranian regime Supreme Leader  Ali Khamenei , wrote a telling reaction following these unprecedented turn of events. “The attack on Saudi refiners and airports that once were considered strange and even impossible have all become very possible today… The...

U.S. Treasury Imposes Sanctions on Iran Regime's Oil Tanker Adrian Darya 1

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U.S. Treasury Imposes Sanctions on Iran Regime's Oil Tanker Adrian Darya 1 Written by  Sedighe Shahrokhi  on  31 August 2019 . Sep 2, 2019 The United States on Friday imposed sanctions against an oil tanker belonging to the Iranian regime for transporting Iranian crude oil to Syria in violation of international sanctions. "The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action today against Adrian Darya 1, an oil tanker transporting 2.1 million barrels of Iranian crude oil ultimately benefitting Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF)," the Treasury  said in a statement  on August 30, 2019. The Adrian Darya 1’s captain, Akhilesh Kumar, was also designated as part of the U.S. action. The IRGC-QF’s highest-ranking officials have long overseen the export of Iranian oil, often masking its origin and sending it to the Syrian regime or IRGC-QF proxies across the region, the Treasury pointed out. ...

Second Iranian Oil Tanker Headed to Syria: Sources

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Second Iranian Oil Tanker Headed to Syria: Sources Written by  Amir Taghati  on  21 August 2019 . A new tanker filled with Iranian oil is on its way to Syria in a violation of current U.S. sanctions, Western intelligence sources have told Fox News. The Bonita Queen loaded 600,000 barrels of crude oil on August 2 near the Iranian coast at Kharg Island. Shortly after, the tanker was de-flagged by the country of St. Kitts and Nevis, fearing retaliatory U.S. sanctions. The vessel is now headed to Dubai, where it will refuel before beginning a months-long journey around the horn of Africa, through the Mediterranean and to the shores of Syria, Fox News reported on Tuesday. Sources told Fox News the ship plans to meet two Syrian owned oil tankers in the Mediterranean later this year and conduct a ship-to-ship transfer of the crude oil. This transfer would be an additional violation of American sanctions since the U.S. Treasury Department already sanctioned the ...

U.S. Removed Almost 2.7 Million Barrels of Iranian Oil from Market: Secretary Pompeo

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U.S. Removed Almost 2.7 Million Barrels of Iranian Oil from Market: Secretary Pompeo Written by  Amir Taghati  on  20 August 2019 . The United States has removed nearly 2.7 million barrels of Iranian oil from global markets by reimposing sanctions on all purchases of the Iranian regime’s crude, U.S. Secretary of State Mike Pompeo said on Tuesday. In an interview with MSNBC, Secretary Pompeo said the U.S. government was confident it could continue with its strategy. The U.S reimposed sanctions on Iran's regime in November after pulling out of a 2015 nuclear accord between Tehran and six world powers. In May, Washington ended sanction waivers given to importers of Iranian oil, aiming to cut Tehran’s exports to zero. Iran's regime exported about 100,000 bpd of crude in July, according to an industry source who tracks such flows and data from Refinitiv Eikon. If condensate, a light oil, is included, shipments were about 120,000 bpd a day, according to Reuters. ...