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| Syria-Lebanon-Iran |
| Iran says petroleum sanction will be futile |
| 2010-01-30 |
| [Iran Press TV Latest] Tehran Friday rejected a bill passed by the US Senate that would restrict Iran's import of refined petroleum products as a continuation of a "wrong policy," saying the sanction would not affect the country. Foreign Ministry spokesman Ramin Mehman-Parast told the Islamic Republic News Agency (IRNA) that the US will not get achieve its goals by imposing sanctions. "We have repeatedly said that the US sanctions imposed against our nation during the past 31 years ... have resulted in nothing but our nations' stronger determination to assert independence and achieve self-reliance," he said. The US Senate on Thursday approved a bill that would allow President Barack Obama to impose new sanctions on Iran over its nuclear program. The measure will now move to a conference committee to iron out differences with an already-passed House version, Politico reported. President Obama will have the power to deny loans and other assistance to US firms that export gasoline to Iran or help expand its oil-refining capacity. The new legislation will also impose a broad ban on direct imports from Iran to the United States and vice versa, with the exception of food and medicine. It will also require the Obama administration to freeze the assets of some Iranian officials, including those with Iran's Islamic Revolution Guard Corps (IRGC). Mehman-Parast said the move would not compel Iran to give up its "legal rights" to the civilian applications of the nuclear technology. Iran says its nuclear program is directed at the civilian applications of the technology and is in line with the Nuclear Non-proliferation Treaty, to which it is a signatory. President Obama on Thursday warned Iran would face "growing consequences" over its nuclear work if ignores its "obligations". He also accused the country of "violating international agreements" by pursuing nuclear weapons. After years of extensive inspections, the UN nuclear agency has not found any evidence that would support the US allegations. |
| Posted by:Fred |
| #2 Iran has the world's largest refinery under construction. This is strategically important because without it, Iran would be unable to wage war for any significant period of time as cuts in imported refined products would significantly reduce their supply of diesel and jet fuel. But there has been speculation that since rationing went into place, Iran may be diverting refined products to strategic reserve storage and may have significant reserves of refined product available in case of emergency. |
| Posted by: crosspatch 2010-01-30 18:00 |
| #1 Iranian Oil in Perspective You be the judge. |
| Posted by: Phaising tse Tung8928 2010-01-30 10:30 |