India’s Iran oil imports fall as U.S. sanctions fears bite
12 July, 2018, 15:27 | Author: Regina Silva
US Secretary of State Michael Pompeo said on Tuesday that Washington may grant waivers to the countries that seek relief from strict oil sanctions that the Trump administration intends to impose on Iran from Nov 4.
US President Donald Trumpannounced in early May the unilateral withdrawal of the US from the Iran nuclear deal and the reinstatement of sanctions against the country, as well as against foreign companies who do business with it. "Recent purchases of USA crude and liquefied natural gas are just a couple of examples of this potential" Haley had said on her visit to India for a meeting with PM Modi on the same.
The Trump administration has moved in recent months to impose penalties on Iranian individuals and entities, and senior US officials have said that Washington has begun pressing other countries to end Iranian oil imports by November. "The zero tolerance policy and the pace with which it is moving no doubt concerns Iran's current crude buyers".
The Chabahar port is considered a gateway to golden opportunities for trade by India, Iran, and Afghanistan with central Asian countries in the wake of Pakistan denying transit access to New Delhi. Overall purchases climbed on a higher intake of crude from Mexico, the United States and Azerbaijan.
Disappointed at India for not making promised investments in Iran's Chabahar port, Iran on Tuesday warned India of ending "special privileges".
According to NIOC, the bulk of Iran's shipments in June 2018 - about 62pc - were sent to customers in Asia while Europe accounted for 38pc of exports. State refiners, accounting for about 60 per cent of India's almost 5 million bpd of refining capacity, lifted 10 per cent more Iranian volumes in June compared to May, at about 454,000 bpd, the data from the sources showed. The sources declined to be identified. On a yearly basis, India's imports from Iran were 19.5 per cent higher, the data showed.
Speaking at a seminar on "emerging challenges and opportunities in the global diplomacy and its impact on bilateral ties with India", Iran's Deputy Ambassador and Charge d'Affaires Massoud Rezvanian Rahaghi said that it will stop providing privileges to India if it sources oil import from other countries other than Iran. Imports by state refiners during the period more than doubled to about 413,400 bpd from 191,700 bpd, the data showed.
In the joint statement, they reconfirmed their commitment to the deal and its "economic dividends" for Iran, which has suffered worsening financial turbulence since Trump abandoned the accord, and vowed to work for "the protection of companies from the extraterritorial effects of United States sanctions".
Adisak Wongsukchan told Al Jazeera he gave his 14-year-old son Nong Bew a big thumbs up when he first saw him in hospital. It was something the rescue workers had been dreading in their race against time to save the group.
They will, however, have to reflect on a glorious opportunity to reach a World Cup final that has been wasted. He has shown a sure touch in his handling of matters on and off the pitch and is a young, progressive coach.
Southgate's England take on Croatia in the semi-final in Moscow, having beaten Sweden 2-0 in the last eight in Samara. Our physical performance coach has tried to keep refreshing the warm-ups for the players and keep them stimulated.
Prime Minister Theresa May said: "Wasn't to be this time but it's been a great journey that's made the country proud". Croatia beat England to book their place in the World Cup final in Moscow on Sunday.
But the death of a former Thai Navy SEAL diver who ran out of oxygen in the cave on Friday underscored the danger of the journey. Thirteen foreign divers and five members of Thailand's elite navy SEAL unit make up the main team guiding the boys to safety.
Samsung Galaxy X Smartphone Arriving Before Galaxy S10?
Recent reports have revealed that the company will speed up the launch of the Galaxy S10 to unveil the Galaxy X shortly after. The wide-angle snapper is expected to have a 16 MP sensor with a f/1.9 lens on top and a super-wide 123° Field of View.
NFL Supplemental Draft 2018: Sam Beal Headlines Players Selected
Based on what he's put on tape, production and athletic testing, Beal could potentially go in the second round of a normal draft. Mississippi State safety Brandon Bryant has speed and leaping ability and could easily make an early impact on special teams.
Focus switches from Thai rescue effort to treatment for 12 boys
The three Royal Thai Navy SEAL divers and medics who stayed in the cave with the boys and coach since they were located on July 2. Thailand's prime minister, Prayuth Chan-o-cha, said the boys were given anti-anxiety medication to help with their rescue.