Pressure on Iran as oil firms stop petrol sales
Pressure on Iran as oil firms stop petrol sales – Scotsman.com News.
The developments underlined the oil producer’s increasing international isolation over a nuclear programme it says is aimed at generating electricity but major powers suspect is intended for making bombs.
France’s Total joined a growing list of co
var adPos = 0;
if (top != self)
{
try { adPos = parent.GetNextAdNum(); } catch(err) { adPos = parent.parent.GetNextAdNum(); }
}
else
{
adPos = GetNextAdNum();
}
document.write('’);
]]>
mpanies that have stopped petrol sales to Iran, and Spain’s Repsol said it had pulled out of a contract to develop part of the country’s huge South Pars gas field in the Gulf.
“Total has suspended its sales of gasoline or refined products to Iran,” a company spokesman said in Paris.
The decisions were announced four days after the United States Congress approved a bill to penalise firms supplying petrol to Iran, which is the world’s fifth-largest oil exporter but lacks sufficient refining capacity for its own fuel needs.
Moving to implement the latest round of measures, the UAE’s central bank has told financial institutions to freeze accounts belonging to dozens of Iran-linked firms targeted by a 9 June United Nations resolution, a banking source said.
Last week an Emirati newspaper reported that the seven-member United Arab Emirates federation was “tightening the noose” on companies which the UN Security Council suspects act as fronts for supplies to Iran’s atomic activities.
Iran and the UAE have close economic and historic relations. Tens of thousands of Iranians live and work in Gulf trade hub Dubai and elsewhere in the Arab state. Many of these workers are involved in the re-export trade to Iran.
Explore posts in the same categories: Uncategorized
WarSclerotic 
Leave a comment