Egypt raises fuel prices, imposes one-year freeze amid cost pressures    Egypt courts Indian green energy investment in talks with Ocior Energy    Egypt, India hold first strategic dialogue to deepen ties    Egypt: Guardian of Heritage, Waiting for the World's Conscience    Egypt, Qatar sign MoU to boost cooperation in healthcare, food safety    EGX ends week mostly higher on Oct. 16    Egyptian Amateur Open golf tournament relaunches after 15-year hiatus    Egypt, UK, Palestine explore financing options for Gaza reconstruction ahead of Cairo conference    Egypt will never relinquish historical Nile water rights, PM says    Egypt explores cooperation with Chinese firms to advance robotic surgery    Fragile Gaza ceasefire tested as humanitarian crisis deepens    CBE, China's National Financial Regulatory sign MoU to strengthen joint cooperation    AUC makes history as 1st global host of IMMAA 2025    Avrio Gold to launch new jewellery, bullion factory in early 2026    Al Ismaelia launches award-winning 'TamaraHaus' in Downtown Cairo revival    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt's Cabinet hails Sharm El-Sheikh peace summit as turning point for Middle East peace    Gaza's fragile ceasefire tested as aid, reconstruction struggle to gain ground    Egypt's human rights committee reviews national strategy, UNHRC membership bid    Al-Sisi, world leaders meet in Sharm El-Sheikh to coordinate Gaza ceasefire implementation    Egypt's Sisi warns against unilateral Nile actions, calls for global water cooperation    Egypt unearths one of largest New Kingdom Fortresses in North Sinai    Egypt unearths New Kingdom military fortress on Horus's Way in Sinai    Egypt Writes Calm Anew: How Cairo Engineered the Ceasefire in Gaza    Egypt's acting environment minister heads to Abu Dhabi for IUCN Global Nature Summit    Egyptian Open Amateur Golf Championship 2025 to see record participation    Cairo's Al-Fustat Hills Park nears completion as Middle East's largest green hub – PM    El-Sisi boosts teachers' pay, pushes for AI, digital learning overhaul in Egypt's schools    Syria releases preliminary results of first post-Assad parliament vote    Karnak's hidden origins: Study reveals Egypt's great temple rose from ancient Nile island    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Egypt reviews Nile water inflows as minister warns of impact of encroachments on Rosetta Branch    Egypt aims to reclaim global golf standing with new major tournaments: Omar Hisham    Egypt to host men's, juniors' and ladies' open golf championships in October    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Iran oil minister vows to bypass sanctions after new U.S. curbs
Published in Ahram Online on 03 - 09 - 2014

Iranian Oil Minister Bijan Zanganeh said Tehran would continue to bypass sanctions after the United States penalised a number of companies for violating sanctions imposed on Iran, mostly in connection with its nuclear programme.
On Friday, the United States imposed a fresh round of curbs on a number of Iranian and foreign companies, banks and airlines. The new measures came just over two weeks before talks between Iran and six world powers on Tehran's nuclear programme resume in New York.
Washington said the firms were helping Iran's nuclear programme, which Tehran says is peaceful but the West suspects may be aimed at developing a nuclear weapons capability. They included Goldentex FZE, a UAE-based firm working with Iran's shipping sector, and an Italian firm, Dettin SpA, which it said was working with Iran's petrochemical industry.
"The sanctions are cruel and illegal and we fulfil our duty for circumventing the sanctions," Zanganeh was cited as saying by the oil ministry's news website Shana.
"We do not recognise the sanctions," he said, referring to Friday's new curbs.
Western sanctions imposed on Iran to hamper its nuclear programme have blocked sales of its oil to the West and made it increasingly difficult for Iran's fleet to obtain insurance and financing for deals with Asian buyers.
Despite that, Iran shipped 29.4 percent more crude to major Asian customers in July from a year earlier, with China, Tehran's biggest client, accounting for most of the increase.
In the past, Iranian oil tankers sent incorrect satellite signals to confuse global tracking systems and Iranian state tanker company NITC changed tanker names in response to the sanctions.
Iran and the United States, France, Germany, Britain, China and Russia failed to meet a July 20 deadline to negotiate a comprehensive agreement under which Tehran would scale back its nuclear activities in exchange for gradually ending the sanctions that have crippled its economy.
The new deadline was extended to Nov. 24. Iran and the six world powers are set to resume negotiations in mid-September around the United Nations General Assembly meeting in New York.
Western diplomats say the two sides remain far apart on the future size of Iran's uranium enrichment programme, activity which can have both civilian and military uses.
Jofi Joseph, a former director for non-proliferation on the White House National Security Council, said that the new sanctions "could be a message to Tehran that, unless it shifts course, these most recent designations are only a preview of what is to come if the talks break down.
http://english.ahram.org.eg/News/109922.aspx


Clic here to read the story from its source.