- Iranians holding Ashura mourning for Imam Hussein
- Third step: Iran officially informs EU of plan to expand nuclear R&D
- Iran expands nuclear R&D program: Rouhani
- Iran goes ahead in space tech, despite US sanctions: ISA
- Resistance Front undermining Israeli regime power: Top commander
- Iran: 7 crew members of detained UK ship freed
- US addiction to sanction threaten its power: Iran’s Zarif
- Dutch role in 2007 Stuxnet attack on Iran’s nuclear site under scrutiny: Iraian FM Spox.
- Iran: ‘Sustainable Security 2019’ kicks off in Caspian Sea
- Iran’s Zarif leaves Tehran for Moscow
- Shiraz University ranked 1st in liver transplantation: Iranian health official
- Japan’s Abe to meet Iran’s president to discuss easing tension in region
- Downing of US spy drone shattered war threats against Iran: Top IRGC commander
- IAEO head reports development of first ion-therapy hospital in west of Asia
- Iranian Taekwondo team wins 2019 World Cup championship
- US sanctions failed to force Iran to buckle: Report
- Crew fixing Iran oil tanker broken down in Red Sea
- As Iranians hold nerves, US seeks to scare off trade
- Leader expresses concern about Kashmir, urges India to follow fair policy toward Muslim-majority region
- Iran saffron exports down due to smuggling, government restrictions: Exporter
- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
- Iran’s resistance policy led to release of oil tanker: MP
- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
- Iranian court hearing case of UK oil tanker
- Over half of Japanese voters oppose joining US-led anti-Iran coalition in Persian Gulf: Poll
- IME trade ups by 21 percent in July
- Finland backs INSTEX in defiance of US
- US anti-Iran policy in high seas harms Europeans: LA Times
- Iran, China confer on Syria
- Iran, Finland share views on Persian Gulf dialogue forum: Zarif
- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
- Registration for Arbaeen Pilgrimage to begin in Iran on Friday
- Iran, Iraq agree to reopen Khosravi border crossing
- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
- Adrian Darya oil tanker not under any sanctions, says Iran envoy
- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
- Iran, Ansarullah, European representatives Yemen developments
- ‘Iran to become self-sufficient in producing aircraft engines'
- US issues seizure warrant for Iranian supertanker 'Grace 1'
- Neanderthal tooth unearthed near Iran’s Zagros mountain
- Iran’s Zarif due in Kuwait on Saturday
- US faces humiliating defeat after Gibraltar releases Iranian tanker: Envoy
- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
- Zarif reacts to release of Iranian tanker in Gibraltar
- Israel, UAE engaged in secret talks on Iran arranged by US: Report
- US threatens visa ban as Iranian-operated tanker sets to sail from Gibraltar
- Enemies must factor Iran's global power in their calculations: IRGC's chief commander
- Trump’s administration conflicting messages to Iran baffle go-betweens: Report
- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, October 10 - Iran is streamlining its oil export modalities and testing creative ways to thwart new US sanctions which are to kick in on November 4.
TEHRAN, Young Journalists Club (YJC) - A vessel carrying 2 million barrels of Iranian oil was reported on Tuesday to have discharged the crude into a bonded storage tank at the port of Dalian in northeast China.
Keeping oil in bonded storage gives the shipment owner the option to sell into China or to other buyers in the region, Reuters news agency reported.
Three other very large crude carriers, operated by National Iranian Tanker Company (NITC), are set to arrive in Dalian in the next week or two, it said.
China has pledged to ignore US sanctions and keep buying Iranian oil. India and Turkey have also dismissed the unilateral American measures. China and India are the first and second biggest customers of Iranian oil, while Turkey is the biggest buyer of Iran’s oil in Europe.
Indian Oil Minister Dharmendra Pradhan said on Monday two leading oil companies of the country have placed orders to import Iranian crude next month in spite of the US sanctions.
Pradhan told "The Energy Forum" in New Delhi that the world's third-largest oil importer was not waiting to see whether it would receive a waiver from US sanctions or not.
India imported around 10 million barrels of Iranian crude in October. According to Reuters, state-owned Indian Oil plans to purchase 6 million barrels of Iranian oil next month, while Mangalore Refinery and Petrochemicals will buy 3 million barrels.
Pradhan said New Delhi is also working out a different payment system to buy Iran's oil that will include using Indian rupees.
Russia and China are both pursuing their own systems and Germany has suggested creating Europe’s rival to global financial messaging service SWIFT based on the euro rather than the dollar in order to bypass US sanctions.
On Monday, British daily the Financial Times said European finance ministers will meet US Treasury Secretary Steven Mnuchin in Bali this week and pressure him on allowing Iran to have access to SWIFT.
According to the report, France, Germany and the UK are frustrated with the Trump administration’s hard line on the matter. The paper quoted a European diplomat as saying that the disagreement over SWIFT was heading for “a diplomatic train wreck”.
Iran says its oil flow to the market should not be hampered no matter what as Western oil news and information providers are steadily claiming declines in Iran’s exports, putting them at about 1.7 million bpd ahead of the sanctions.
That is an 11 percent decline from August, but data from global oil shipments and storage service provider TankerTrackers.com puts the export volume north of 2 million bpd.
The discrepancy of 300,000 bpd in the statistics attests to an underlying campaign to create the sense that Iran’s exports are dropping fast, with some market analysts even claiming the losses were faster than they expected.
Underlining the resilience of Iranian exports is the pledge by officials that the country will go full throttle in its production.
“Despite the mischief of the Americans, Iran’s oil exports have surpassed state budget outlay projections,” Vice President Es’haq Jahangiri said last week.
“Notwithstanding all the pressures that the Americans are creating on the oil issue, Iran has its own oil customers, and the work is going on in a way that no problems will arise,” he told a parliament session in Tehran.
Even Russia is helping Iran despite being virtually an energy rival. On Monday, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Mohammad Javad Zarif discussed energy cooperation in a telephone call.
"The two top diplomats discussed bilateral cooperation, focusing on the energy sector," the Russian Foreign Ministry said in a statement.
Source: Presstv
Your Comment