Technical experts from both sides were commissioned to find ways to maintain oil shipments and to protect European companies doing business with Iran, EU foreign policy chief Federica Mogherini told reporters in Brussels late on Tuesday. The experts will also propose ways to avert disruptions in air, sea and land transport from and to Iran and keep channels open for “effective banking transactions.”
The MoU was signed on Wednesday by Kambiz Zandiyeh, general manager of the British firm, and Pirouz Mousavi, managing director of IOTC, on the sidelines the 23rd International Oil, Gas, Refining and Petrochemical Exhibition held in Tehran from May 6-9, Shana reported.
This is the first time Chile has imported Iranian crude in almost 18 months, according data from S&P Global Platts trade flow software cFlow.
The Suezmax Monte Toledo was placed on subjects on a Kharg Island to Chile route at World scale 52.5 for May 24-25 loading, sources said.
Russia is an appropriate option. Since the US imposed economic sanctions against Russian companies and business elites, Russia has begun to pivot to the East. China has certainly been at the center of Russia’s efforts to increase its presence in Asia’s crude oil market.
Iran and Spain signed a memorandum of understanding for cooperation in oil and gas sector on the sidelines of Tehran-Madrid joint working group meeting.
The American legacy in Iraq and the Middle East is one of blood, oil & endless tyranny.