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  1. #1
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    Iran says it's cutting oil exports to France, Britain

    Iran says it's cutting oil exports to France, Britain - latimes.com

    Iran says it's cutting oil exports to France, Britain

    The ban is preemptive retaliation against European sanctions. Meanwhile, U.S. and British officials warn against a military attack on Iran's nuclear facilities.


    An Iranian man gets gas for his motorcycle in central Tehran. Iran says it's halting oil sales to France and Britain in retaliation for sanctions. (Behrouz Mehri, AFP/Getty Images / February 19, 2012

    By Patrick J. McDonnell, Los Angeles Times February 19, 2012, 4:56 p.m.

    Reporting from Beirut—

    Iran said Sunday that it was cutting off oil exports to France and Britain in a preemptive strike against European economic sanctions, while top U.S. and British officials warned against a military attack on Iran's disputed nuclear program.

    Iran's retaliatory oil ban was the latest instance of high-stakes brinkmanship surrounding Tehran's nuclear ambitions. Iran says its program is solely for peaceful purposes, but the U.S. and many of its allies suspect the goal is to develop weapons.

    Speculation has intensified in recent weeks about a possible Israeli or U.S. strike on Iranian nuclear sites, even as an apparent shadow war rages featuring assassinations of Iranian scientists, sabotage of Iran's nuclear technology and recent bomb plots that targeted Israeli diplomats in India and Georgia and, authorities suspect, in Thailand.

    On Sunday, British Foreign Minister William Hague and Army Gen. Martin Dempsey, chairman of the U.S. Joint Chiefs of Staff, made a conscious effort to cool down the rhetoric, backing the current recipe of diplomacy and economic sanctions against Iran to resolve the looming crisis. Their message seemed as much aimed at Israel as the Iranians.

    "None of us want Iran to have nuclear weapons. [But] I don't think it would be a wise thing at this moment ... for Israel to launch a military attack on Iran," Hague told the BBC. "I think Israel like everyone else in the world should be giving a real chance to the approach we've adopted of very serious economic sanctions and diplomatic pressure and the readiness to negotiate with Iran."

    Across the Atlantic, Dempsey suggested that Iran could still be dissuaded from pursuing nuclear weapons. "We think the current path we're on is the most prudent path at this point," the general said on the CNN program "Fareed Zakaria GPS."

    The Joint Chiefs chairman voiced concern that an Israeli attack on Iran's nuclear infrastructure could prompt Tehran to retaliate against U.S. targets in the Persian Gulf or Afghanistan, where the U.S.-led war against the Taliban continues.

    An Israeli attack could set back Iran's nuclear program "probably for a couple of years," Dempsey acknowledged, echoing testimony given to a Senate committee last week by James R. Clapper, director of National Intelligence. But Dempsey made it clear that U.S. policymakers considered such a move "destabilizing."

    In the interview, Dempsey described Iran as "a rational actor" — in contrast to the nation frequently depicted in the West as a fanatical regime that, once armed with a nuclear weapon, would not hesitate to use it on Israel, however irrational such an act might appear. Experts agree that any such Iranian attack would trigger a devastating response from Israel, which is widely believed to have an extensive nuclear arsenal.

    In Tehran, Foreign Minister Ali Akbar Salehi also opted for conciliatory words Sunday, declaring that the incendiary dispute could be defused through negotiations.

    "We are seeking to find a way out of Iran's nuclear issue in such a way that it would be 'win-win,'" Salehi was quoted as saying by Iran's Mehr news agency. "We understand the other side's situation and are aware that the other side is seeking ... to come out of the issue honorably."

    Iran has agreed to a new round of talks on the issue with the United States, Britain, France, Russia, China and Germany.

    Nonetheless, Iran said Sunday that it was cutting off oil supplies to France and Britain in retaliation for a coming European Union oil embargo that is part of the punishing new series of sanctions linked to the Islamic Republic's nuclear program.

    The Iranians insisted that they will have no problem finding alternative clients for their crude.

    "We have our own customers and replaced British and French companies with other firms," said Oil Ministry spokesman Alireza-Nikzad Rahbar, the official Islamic Republic News Agency reported.

    The EU has announced a ban on purchases of Iranian oil as of July 1. The date was put off until the summer to minimize the impact on European nations, especially Greece, Italy and Spain, that have ailing economies. Published reports indicate that French and British suppliers had already reduced purchases of Iranian oil and had begun lining up alternative sources, suggesting that the Iranian cutoff could have a largely symbolic effect.

    Why Iran decided to cut sales only to Britain and France and not impose a European Union-wide ban remained unclear.

    Saudi Arabia, the world's No. 2 oil producer and a bitter regional rival of Iran, has offered to supply additional oil to the market.

    Though oil is Iran's major source of income, the Oil Ministry says sales to the EU amount to only 18% of crude exports. Other major markets include China and India.

    On Monday, inspectors from the International Atomic Energy Agency, the U.N. watchdog, are scheduled to arrive in Tehran for another series of talks with Iranian officials.
    "Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simón Bolívar

  2. #2
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    I scan read that so apologies id it's in the article, but, I'm sure this is in response to a decision in June or July to STOP buying off them anyway.

  3. #3
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    Yeah, a classic Persian pout that is (or is it a Shi'a sulk?).


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    It's a load of shi'ite whatever it is.

  5. #5
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    Bomb the fukkers!

  6. #6
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    ^Speaking of which........................

    U.S., Britain urge Israel not to attack Iran - Boulder Daily Camera

    U.S., Britain urge Israel not to attack Iran


    U.S. national security adviser visits Israel for talks
    Associated Press
    Posted: 02/19/2012 1108 PM MST
    Updated: 02/19/2012 1149 PM MST


    JERUSALEM -- The U.S. and Britain on Sunday urged Israel not to attack Iran's nuclear program as the White House's national security adviser arrived in the region, reflecting growing international jitters that the Israelis are poised to strike. In their warnings, both the chairman of the U.S. joint chiefs of staff, Gen. Martin Dempsey, and British Foreign Secretary William Hague said an Israeli attack on Iran would have grave consequences for the entire region and urged Israel to give international sanctions against Tehran more time to work. Dempsey said an Israeli attack is "not prudent," and Hague said it would not be "a wise thing." It was not known whether their messages were coordinated.

    Both Israel and the West believe Iran is trying to develop a nuclear bomb -- a charge Tehran denies. But differences have emerged in how to respond to the perceived threat.

    Israel has welcomed the sanctions. But it has pointedly refused to rule out military action and, in recent weeks, sent signals that its patience is running thin.

    Israel believes a nuclear-armed Iran would be a threat to its very existence, citing Iran's support for Arab militant groups, its sophisticated arsenal of missiles capable of reaching Israel and its leaders' calls for the destruction of the Jewish state.

    Last week, Israel accused Iran of being behind a string of attempted attacks on Israeli diplomats in India, Georgia and Thailand.

    There is precedent for Israeli action. In 1981, the Israeli air force destroyed an unfinished Iraqi nuclear reactor. And in 2007, Israeli warplanes are believed to have destroyed a target that foreign experts think was an unfinished nuclear reactor in Syria.

    The arrival of White House National Security Adviser Tom Donilon was the latest in a series of high-level meetings between Israel and the U.S. Last month, Dempsey visited Israel, and next month, Prime Minister Benjamin Netanyahu is expected to visit the White House.

    Donilon was set to meet with Netanyahu late Sunday, and with Israeli Defense Minister Ehud Barak today before leaving.

    Asked whether he believed Israel could be deterred from striking, Dempsey said: "I'm confident that they understand our concerns, that a strike at this time would be destabilizing and wouldn't achieve their long-term objectives. But, I mean, I also understand that Israel has national interests that are unique to them."

  7. #7
    Mid
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    Iran overcomes sanctions, exports $1 billion ethanol
    03-03-2012

    TEHRAN (ISNA)-Iran has exported over $1,000,000,000 ethanol over last 10 months, a sign that the country is bypassing the imposed sanctions over its refusal to halt peaceful nuclear program.

    Iran's exported ethanol mounts 3,243,000 tons and reached $1,130,000,000 in the first 10 months (March-January),

    Whereas western countries have toughened sanctions against Iran over recent weeks to limit Iran's economic oil and petrochemical products exchanges with other countries. Statistics say that Iran has exported methanol to over 15 countries in the world.

    China, Japan, Azerbaijan, Slovenia, Afghanistan, Italy, Belgium, Thailand, Taiwan, South Korea, Sri Lanka, Iraq, Egypt, Holland, India were some markets for Iranian-made methanol.

    Methanol, also known as methyl alcohol, wood alcohol, wood naphtha or wood spirits, is a chemical with the formula CH3OH (often abbreviated MeOH). It is the simplest alcohol, and is a light, volatile, colorless, flammable liquid with a distinctive odor very similar to, but slightly sweeter than, ethanol (drinking alcohol). At room temperature, it is a polar liquid, and is used as an antifreeze, solvent, fuel, and as a denaturant for ethanol. It is also used for producing biodiesel via transesterification reaction.

    Methanol is produced naturally in the anaerobic metabolism of many varieties of bacteria, and is ubiquitous in the environment. As a result, there is a small fraction of methanol vapor in the atmosphere. Over the course of several days, atmospheric methanol is oxidized with the help of sunlight to carbon dioxide and water. Iran has achieved 10 percent of the world's share in methanol production.

    Iran's industrial exports are available in markets of 159 countries, mainly in Iraq, China, the UAE, India and South Korea.

    Iran has said Middle East, Latin America, Central Asian countries, Caucasus and Africa are priorities to receive the country's industrial goods.

    isna.ir

  8. #8
    Mid
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    Iranian supertanker to discharge crude at Shell Singapore refinery -trade
    (Reporting by Francis Kan, Randy Fabi and Yaw Yan Chong;Editing by Clarence Fernandez)

    Mar 2 (Reuters) - An Iranian supertanker anchored near Singapore for the past week has moored at Royal Dutch Shell's refinery to discharge about 1.5 million barrels of crude oil, according to Reuters data and three trading sources on Friday.

    The National Iranian Tanker Co. (NITC) vessel Delvar arrived at the 500,000 barrel-per-day facility on Thursday evening, Reuters Freight Fundamentals Database showed.

    "We do not comment on our trading activities. Shell complies with all applicable sanctions," the company said in a statement.

    uk.reuters.com

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