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Iran Vows To Thwart US Sanctions By Allowing Private Sector To Export Oil

JUL 2, 2018 (BE2C2): Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on Sunday. Iran is looking at ways to keep exporting oil as well as other measures to counter sanctions after the United States told allies to cut all imports of Iranian oil from November — America’s defense and strategic partner India was told last week by its AmbassadorRead More


Iranian Oil Production Not Impacted Despite Looming Sanctions Threat

JUN 11, 2018 — With sanctions pressures looming over Tehran, production from OPEC’s third-largest producer, Iran, hasn’t yet been impacted, and may not significantly happen so. The Platt survey found Iranian oil production was steady at 3.83 million bpd, making it the third-largest OPEC producer behind Saudi Arabia, the top supplier, and Iraq. President Trump’s decision to pull out of the landmark Joint Comprehensive Plan of Action, a multilateral agreement that gave Iran relief from sanctions in exchange for peaceful nuclear commitments, has set a 180-day clock ticking for IranianRead More


Russia Says U.S. Sanctions Against It Could Be Seen As Treasonous

Sanctions from Washington reach deep into the Russian energy sector, which accounts for about a third of total Russian GDP May 23, 2018 — With its energy sector the target of U.S. sanctions pressure, a Russian legislator on Wednesday proposed making those sanctions synonymous with treason. Andrei Isayev, the head of legislation in the State Duma, the lower house of parliament, said discussions were under way to consider counter-sanctions measures against the United States. The measure could criminalize those sanctions. “It was also proposed to make this component equal toRead More