China Increases Gasoline Exports to Iran After Malaysian
Fuel Export Halt
China ups Iran gas sale amid US ire
Press TV, Sat, 17 Apr 2010 07:20:26 GMT
Washington plans to target Iran's energy sector as a means to end the
country's nuclear work.
China's plans to increase gasoline exports to Iran will effectively
thwart US efforts to choke off the country's energy sector, a recent
Forbes reported on Friday that state-owned China
National Petroleum Corp.'s trading unit, ChinaOil, has already sent
600,000 barrels of gasoline to Iran in two $55 million shipments.
According to the article, the trading unit of China Petroleum &
Chemical Corp. (Sinopec), Unipec, has also agreed to sell some 250,000
barrels to Iran through a third party in Singapore.
comes at a time when Washington is exerting pressure to halt Iran's
low-level nuclear activities by targeting the country's gasoline trade.
A bipartisan slate of US senators and lawmakers, tabled a motion
in April 2009 that advocated tough sanctions against countries that sell
refined petroleum, including gasoline, to Iran.
Republic has been under US sanctions ever since the 1979 Islamic
Revolution toppled a US-backed monarch in Iran.
Washington has long been using sanctions, which normally pressure
ordinary people in a country, as a tool to force independent nations bow
to its "illogical demands."
On Friday, Iranian Oil Minister
Masoud Mirkazemi warned that US-led sanctions against Iran will fail to
achieve their desired results as the country has managed to become
self-sufficient in oil production and products.
further added that Iran has become "quite the expert in tackling
sanctions imposed by Western countries" over the past three decades.
Malaysia Halts Fuel Supply to Iran
Press TV, Sat, 17 Apr 2010 11:56:43 GMT
Malaysia has stopped supplying gasoline to the Islamic Republic,
after alleging that that Iran has not fully complied with the UN nuclear
On Thursday, Malaysian state oil company and long-term
supplier to Iran Petronas said it had cut off gasoline supplies to
Iranian ports since the middle of March.
The move follows
stepped up efforts by the US and its allies to impose fresh UN Security
Council sanctions on Iran due to the country's refusal to halt its
nuclear enrichment activities.
"We believe in engagement but
Iran has to respond as well and there are some clear indications of
their non-compliance," said Malaysian Prime Minister Najib Razak on
Thursday after confirming that his country had officially ceased fuel
supplies to Iran.
However, Najib said Petronas would "certainly"
lift its suspension on gasoline supplies should Iran comply with the
International Atomic Energy Agency (IAEA).
In response to a
question about Malaysia reviewing the possibility of continuing current
projects or entering future joint ventures in Iran, the premier said,
"We will see how it goes; we do not want to send the wrong signals."
"We appreciate the importance of our economic relations with Iran as
well," he said.
Najib asserts Iran's right to develop nuclear
energy for peaceful purposes but said Tehran must comply with the UN
Security Council decision and suspend uranium enrichment activities.
The Malaysian prime minister made the remark three days after he
held talks with US President Barack Obama on the sidelines of a
47-nation nuclear security summit.
"It's going to be quite
inevitable that additional sanctions will be imposed in the near future
unless there is some movement in the right direction by Iran," Najib
told reporters in Washington.
"The onus is on Iran now to react
expeditiously to prevent additional sanctions."
"They must earn
the trust of the international community and the only way they can earn
the trust is to be fully transparent in whatever they do and allow full
verification by the IAEA and there are some serious doubt as to whether
this has been carried out or has been complied with by Iran," he said.
Iran says its nuclear program is directed at the civilian
application of the technology. The West, however, accuses the country of
having the intention to develop nuclear weapons.
This is while
the UN nuclear watchdog, which has conducted the largest amount of
inspection in the history of the body on Iran's nuclear program, has not
been able to verify that claim.
Moreover, no country has ever
been subjected to more voluntary IAEA inspections than the Islamic
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