Iran Oil Sales May Outstrip Sanctions Cap for Fifth Month

Global Security Newswire Staff
See more stories about...
Global Security Newswire Staff
March 27, 2014, 8:34 a.m.

Ir­an ap­pears poised for a fifth month to sell more oil than the av­er­age it is per­mit­ted to ex­port un­der a short-term nuc­le­ar deal, Re­u­ters re­ports.

An in­dustry ob­serv­er said Ir­an has sent out oil at an over­all pace of 1.3 mil­lion bar­rels a day this month, the news agency said on Wed­nes­day. However, the na­tion agreed not to av­er­age more than 1 mil­lion bar­rels in sales each day for the six-month dur­a­tion of the atom­ic ac­cord that took ef­fect on Jan. 20.

The lim­its are in­ten­ded to help pres­sure Tehran to ac­cept re­stric­tions on its nuc­le­ar pro­gram, which Wash­ing­ton and oth­er West­ern cap­it­als con­sider a po­ten­tial vehicle for achiev­ing a nuc­le­ar-weapons cap­ab­il­ity.

Obama ad­min­is­tra­tion of­fi­cials ex­pect Ir­an to cut its pet­ro­leum sales in com­ing months to bring its av­er­age ex­ports down to the cap it ac­cep­ted in Novem­ber, ac­cord­ing to Re­u­ters.

Still, ad­voc­ates of strin­gent eco­nom­ic pen­al­ties said Ir­an’s bur­geon­ing oil sales show that the in­ter­im ac­cord has loosened fin­an­cial re­stric­tions on the coun­try more than ne­go­ti­at­ors in­ten­ded. Tehran in­sists its nuc­le­ar pro­gram is peace­ful, but agreed to lim­it the atom­ic ef­fort in re­turn for sanc­tions curbs un­der the agree­ment with China, France, Ger­many, Rus­sia, the United King­dom and the United States.

“Ir­an will have to re­duce ex­ports by over 40 per­cent over the next three months in or­der not to ex­ceed the av­er­age of last year,” said Tim Wilson, an ana­lyst with the pro-sanc­tions Found­a­tion for De­fense of Demo­cra­cies. Tehran sold an av­er­age of 1.1 mil­lion bar­rels of oil each day in 2013.

Mean­while, a high-level Ir­a­ni­an gov­ern­ment in­sider said his na­tion in­tends to boost its pur­chases of gas­ol­ine with­in the next 12 months, Re­u­ters re­por­ted in a dif­fer­ent art­icle. U.S. eco­nom­ic pen­al­ties have sep­ar­ately tar­geted Ir­an’s abil­ity to ob­tain gas from abroad.

What We're Following See More »
Peña Nieto, Trump Trade Subtle Jabs in Statements
3 hours ago

Following their meeting, President Enrique Peña Nieto of Mexico and Republican nominee for president, Donald Trump, briefly addressed the media, with Peña Nieto subtly rebuking Trump's rhetoric. While he spoke respectfully about Trump, Peña Nieto did not back down, saying that free trade has proved effective and that illegal immigration into America from the south has decreased over the last ten years while the flow of people and drugs into Mexico has increased. Additionally, he stressed that Mexicans in America are "honest" and "deserve respect." Trump responded, calling some Mexicans "tremendous people" while saying others are "beyond reproach." Trump laid out five important issues, including the end of illegal immigration and the ability for either country to build a wall or border. However, Trump said he did not discuss who would pay for the wall.

SCOTUS Won’t Restore NC Voter ID Law
3 hours ago

A divided Supreme Court "refused Wednesday to reinstate North Carolina’s voter identification requirement and keep just 10 days of early in-person voting. The court rejected a request by Gov. Pat McCrory and other state officials to delay a lower court ruling that found the state law was tainted by racial discrimination."

Court: 2nd Amendment Doesn’t Protect Pot Users’ Gun Rights
4 hours ago
Woman Self-Immolates in Congressman’s Office
6 hours ago

"Police say a woman walked into U.S. Rep. Danny Davis' office on Chicago's West Side, drank out of a bottle of hand sanitizer, poured the sanitizer over herself and set herself on fire with a lighter." The Democrat wasn't in the office at the time.

White House Grants $53 Million for Opioids
8 hours ago

"The Department of Health and Human Services on Wednesday awarded 44 states, four tribes and the District of Columbia a combined $53 million in grants to expand access to treatment for opioid use disorders and ultimately aimed at reducing the number of opioid-related deaths." But HHS Secretary Sylvia Burwell and drug czar Michael Botticelli both called on Congress to approve the $1.1 billion Obama has requested to fight the opioid crisis.