NEWS
ECONOMY   Oil  

Iran Dismisses Reuters' Claim of Exclusion of Crude Revenues from SPV Mechanism

Iranian Foreign Minister Mohamamd Javad Zarif rejected Reuters' claim that the European countries may exclude his country's crude revenues from the Special Purpose Vehicle (SPV) mechanism which was promised by them to Tehran back in September.

"Based on the information that we have, this is not correct because if Iran's crude incomes are not deposited into an account, it is not clear if any money will remain for dealings," Zarif said on Tuesday.

In a report on Monday Reuters claimed that France and Germany are to take joint responsibility for an EU-Iran trade mechanism to minimize the risk of US sanctions but few now believe it will cover oil sale.

Zarif blasted the western media, specially Reuters, for attempts to disappoint the Iranian people, stressing that oil is the major part of Iran's exports.

The Iranian top diplomat said that Iran thinks that the European states are endeavoring to continue cooperation with Iran and protect the 2015 nuclear deal, and added, "The Europeans believe that implementation of the nuclear deal is necessary for their security and therefore, they should pay the costs for their own security and implementation of the nuclear deal."

He noted that Iran is in technical contacts with the Europeans so that the SPV mechanism can meet the country's needs to an acceptable extent and they can give practical guarantees to Iran for its implementation.

The SPV which was promised by Iran’s key European trading partners back in September after a meeting of foreign ministers of the remaining signatories to Iran nuclear on the sidelines of the UN General Assembly meeting in New York after the US withdrawal from the nuclear deal is supposed to keep Iran’s financial relations with Europe alive under the US sanctions.

Europeans' honesty in dealing with Iran nuclear deal of July 14, 2015 is seriously doubted by Iranian masses that are discontent with talks with European counterparts.

In contrast with what European politicians and government are stating, many experts in Iran are suspicious of Europe's genuine commitment to the letters of the nuclear agreement of July 14, 2015, and are voicing their discontent with what they describe as Europe's strategy of killing time.

Even some commentators like Seyed Mostafa Khoshchashm are calling the Iranian government to start meaningful modifications in JCPOA undertakings, and specially remove the cap on the country's enriched uranium stockpile after the US unilateral withdrawal from the agreement; a call which is gaining momentum among the Iranians.

News No: 2804
Date: 2018/12/04 - 17:07
News Source: FARS News Agency

SPV  Mohamamd Javad Zarif  US sanctions  oil sale 

Comments:

Leave a Comment:

   
   
   
 

Renault to Return to Iran: Deputy Minister

An Iranian deputy minister said French carmaker Renault SA will return to Iran after it halted cooperation with Iranian companies under the US sanctions.
 

NIOC Hunting for Ships to Keep Exporting Oil

National Iranian Oil Company is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as US sanctions start to bite, Iranian and western sources said.
 

Official: Iran, Syria Hold Talks to Confront US Sanctions

A senior Syrian economic official underlined Iran's big role in reconstruction efforts in his country, saying that Tehran and Damascus have held a series of meetings to confront the US sanctions.
 

MP: Completion of Andimeshk Petchem Plant Proves US Sanctions’ Ineffectiveness

A member of the Iranian parliament said implementation of the ethylene oxide plant in the southwestern city of Andimeshk would prove the ineffectiveness of the US sanctions on Iran.
 

Official: Iran Can Find Ways to Sell Oil in Defiance of US Sanctions

An official predicted that the US may extend a waiver for at least four of the eight nations that still import oil from Iran, stressing that Tehran should nonetheless look for unconventional methods to keep selling crude.
 

India Seeking to Extend Iran Oil Waiver: Report

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of US sanctions past early May, a report said.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners