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Posts Tagged ‘Iran’

Russia, China seek info on US drone held by Iran

April 19, 2012 1 comment
Mideast Iran US Drone

FILE – This file photo released on Thursday, Dec. 8, 2011, by the Iranian Revolutionary Guards, claims to show US RQ-170 Sentinel drone which Tehran says its forces downed earlier this week, as the chief of the aerospace division of Iran’s Revolutionary Guards, Gen. Amir Ali Hajizadeh, right, listens to an unidentified colonel, in an undisclosed location, Iran. Iran’s semiofficial Fars news agency said Thursday, April 18, 2012 that Russia and China have asked Tehran to provide them with information on a U.S. drone captured by the Islamic Republic in December. (AP Photo/Sepahnews, File) EDS NOTE: THE ASSOCIATED PRESS HAS NO WAY OF INDEPENDENTLY VERIFYING THE CONTENT, LOCATION OR DATE OF THIS IMAGE. ANONYMOUS — AP

Iran’s semiofficial Fars news agency says Russia and China have asked Tehran to provide them with information on a U.S. drone captured by the Islamic Republic in December.

The Thursday report quotes Ahmad Karimpour, an adviser to Iran’s defense minister, as saying Tehran has received requests for many countries for information on the RQ-170 Sentinel, but Moscow and Beijing have been most aggressive in their pursuit of details on the drone. He did not elaborate.

Iran said in December that it had downed the unmanned stealth aircraft in eastern Iran.

U.S. officials have acknowledged losing the drone. They have said Iran will find it hard to exploit any data and technology aboard it because of measures taken to limit the intelligence value of drones operating over hostile territory.

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India surpasses China as Iran’s top oil client

April 13, 2012 Comments off

dailystar.com

FILE - In this Monday, July 19, 2010 file photo, a part of the South Pars gas field facility is seen on the northern coast of Persian Gulf, in Assalouyeh, Iran. (AP Photo/Vahid Salemi, File)

GENEVA: India has vaulted to the top of the list of Iran’s oil customers, overtaking China, in a first-quarter buying surge ahead of tighter sanctions against Tehran this summer, data published by a leading industry consultant showed.

Direct imports to India from Iran were 433,000 barrels per day in the first quarter, compared with 256,000 barrels per day to China, according to data compiled by Geneva’s Petrologistics and seen by Reuters via an industry source.

The Indian import figure was up by around 23 percent from the 351,0000 bpd imported over the same period of 2011 and significantly above its 2011 average of 326,000 bpd.

Iran, like many oil exporters, does not publish its own oil sales data on a timely basis. The Petrologistics figures, however, reinforce indications that India has stepped up imports, while business has slowed between Tehran and Beijing over payment terms.

“The first quarter was likely the exception to the rule … China took a strong stance on negotiations, but its imports will Read more…

Categories: India, Iran, Oil Tags: , , ,

US ‘tells Russia to warn Iran of last chance’

March 14, 2012 Comments off

refreshingnews9.blogspot

US-led military strikes against Iran are inevitable this year if Tehran does not give ground at multilateral talks next month over its nuclear programme, according to diplomatic sources in Moscow.

US Secretary of State Hillary Clinton and Russian Foreign Minister Sergei Lavrov

Hillary Clinton, the US Secretary of State, has asked Russian foreign minister Sergei Lavrov to warn Iran the negotiations represent a “last chance” to avoid military action, the Kommersant newspaper reported.

“Hillary Clinton asked her Russian colleague to pass that thought on to the Iranian authorities, with whom Washington does not maintain its own relations,” a high-ranking foreign ministry source told the paper.

The source said there was a high likelihood of an attack “before the end of the year”, adding: “The Israelis are, in essence, blackmailing [US president Barack] Obama. They are Read more…

North Korean Nuclear Work Poses Greater Threat Than Iran, Amano Says

March 12, 2012 Comments off

GSN

International Atomic Energy Agency Director General Yukiya Amano on Saturday said he believes the threat posed by Iran’s atomic activities is eclipsed by the dangers of North Korea’s known nuclear-weapon efforts, Kyodo News reported (see GSN, March 9).

The North’s development of nuclear weapons, which includes two nuclear tests to date, is a “threat to East Asia,” the head of the U.N. nuclear watchdog said.

“The problem (with North Korea) is serious and its impact on the world is larger” than Iran, Amano said. His organization and a number of governments around the world worry that Iran is seeking a nuclear-weapon capability; Tehran maintains that its atomic development program is strictly peaceful (see related GSN story, today).

The veteran Japanese diplomat said he hopes to dispatch IAEA monitors to North Korea to verify implementation of a recently agreed-to shutdown of Read more…

Higher Gold Prices Seen For Next Week As Iran Tensions Lend Support

February 24, 2012 Comments off

kitco.com

(Kitco News) – Higher gold prices are possible next week as tensions with Iran continue to escalate, market watchers said.
Prices were lower on Friday, but up on the week. The most-active April gold contract on the Comex division of the New York Mercantile Exchange settled at $1,776.40 an ounce, up 2.9% on the week. March silver settled at $35.338 an ounce, up 6.4% on the week.
In the Kitco News Gold Survey, out of 32 participants, 24 responded this week. Of those 24 participants, 19 see prices up, while three see prices down, and two are neutral on prices. Market participants include bullion dealers, investment banks, futures traders, money managers and technical chart analysts.
Gold and crude oil prices rose this week, supported by concerns that Read more…

Categories: GOLD, Iran Tags: , ,

$6 Gas This Summer — U.S. Economy Falls Off Cliff

February 24, 2012 Comments off

etfdailynews.com

Dominique de Kevelioc de Bailleul: 

 Strap on that safety belt for one wild summer of frantic trading in the energy complex, according to economist, prolific author and wealth strategist, Stephen Leeb.  He says gas prices in the US could reach $6 per gallon by the summer driving season.

And if there’s any economic event that could surely torpedo an already near-flat-lined US economy into a death spiral, it will come from a massive price hike in that most critical commodity to any economy—oil.  According  to the charts, oil has again breached the Read more…

IEA: China buys more oil from Iran

February 22, 2012 Comments off

presstv.ir

Frontline Ltd.’s supertanker ‘Front Shanghai’.
 
The International Energy Agency (IEA) says China has bought an additional 200,000 barrels per day of Iran’s oil in recent months.

Didier Houssin, IEA director of energy markets and security, said on Tuesday that Beijing is the world’s second-biggest crude consumer and may continue to increase oil imports from Iran.

“China has been buying more crude and may continue to do so,” he said at the International Petroleum Week conference.

Earlier this month, the IEA predicted that China’s purchases of Iranian crude would slow in the first three months of the year.

This comes while the IEA’s latest report predicts that China’s oil demand would Read more…