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Impossible to Eliminate Iran from Oil Market

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Impossible to Eliminate Iran from Oil Market Iran’s Foreign Ministry An Iranian Oil Official Says That a Announced the Release of Contract Between Iran and China Two Kuwaiti Nationals Who To Develop the Iranian Yadavaran Had Been Recently Arrested for Oilfield Has Been Stopped “Illegal” Entry Into Iranian Waters VOL. XXV, No. 6666 TEHRAN Price 20,000 Rials www.irannewsdaily.com SATURDAY, MAY 4, - ORDIBEHESHT 14, 1398 2 4 8 DOMESTIC 3 DOMESTIC INTERNATIONAL SPORTS Iran Cooperation Warded Iran to Increase Maduro Exhorts Chelsea Set Record, Venezuela Military to Off Disintegration of Iraq Gas Exports Fight Any Coup Plotter Arsenal Register Big Win > SEE PAGE 2 > SEE PAGE 3 > SEE PAGE 4 > SEE PAGE 8 Iran Needs No Permission to viewPoint Boost Defense Capabilities Impossible to Eliminate By: Hamid Reza Naghashian..... TEHRAN (MNA) - President Hassan Rouhani said that INSTEX Not to Be Operationalized Iran needs defense equipment and seeks no permission from any other country to strengthen its defense capabilities. Iran From Oil Market Unless London Wants He made the remarks late on Wednesday in Kermanshah An especial-purpose vehicle and mechanism for province Administrative Council and added, “The enemy facilitating the trade or financial interactions between is seeking to induce tough and hard conditions in the small businesses of Iran and EU was established in country while it has false imaginations in this regard.” January 2019 by France, Germany and the United The country and government belong to people, he said, adding, Kingdom but so far no serious measure has been taken “government makes its utmost efforts to render quality services by EU to operationalize the mechanism. to the noble nation of Islamic Iran. Today, we are witnessing Suppose we accept this definition of the EU that the unity and amity among all walks of life in the country.” Instrument in Support of Trade Exchanges (INSTEX) Enemies have dragged the country to an all-out economic and is an especial-purpose vehicle (SPV) to facilitate the psychological war and people also know that their government non-oil trade with Iran against the U.S. sanctions which has not been the initiator of this economic war waged by the was established in January 2019 by France, Germany United States against the country, Rouhani emphasized. “As and the United Kingdom. The SPV is headquartered in we did not allow the enemy to occupy an iota of our land and Paris, France, and is headed by German national Per territory during the eight years of Sacred Defense [Iraqi Fischer, who formerly served as Head of Financial imposed war against Iran in 1980-1988], today, the government Institutions at Commerzbank, between 2003 and 2014. will move the country out of difficulties successfully with the The SPV was aimed at preparing the ground for unity and amity of people,” Rouhani added. saving normal financial activities between European He pointed to the Joint Comprehensive Plan of Action small medium-sized enterprises with Iran and in the (JCPOA) and said, “landmark nuclear deal was inked first step, it was to cover medicines and food trades. between Iran and six world’s major powers on Jan. 16, The head of the SPV Mr. Fischer went to London last 2016. The Islamic Republic of Iran has not violated the week to talk with British businessmen, traders and deal and International Atomic Energy Agency (IAEA) has financial institutes to find legal mechanisms and repeatedly reiterated that Iran has fully lived up all its grounds for launching the SPV, and ways to lessen commitments within the framework of JCPOA .” fears of British businessmen from the U.S. reactions. In a meeting with the British commercial companies IRAN NEWS ECONOMIC DESK and officials in London, he presented an explanation on Will Never Sit for New Round the function of the system and addressed concerns of the British companies in doing business with Iran. TEHRAN - Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammed The meeting was held on the initiative of the UK Of Talks under Pressure Sanusi Barkindo says it is not possible to exclude Iran from the oil market. Department for International Trade and the British Barkindo, who was in Tehran to attend the 24th International Oil, Gas, Refining and Petrochemical Exhibition, Iranian Chamber of Commerce. TEHRAN (IFP) - Iranian Deputy Foreign Minister for noted that there is no unilateral decision in the OPEC. In London, Fischer said that he was there to develop Political Affairs Seyed Abbas Araqchi says the He further mentioned that the Islamic Republic had faced similar issues in the past years and “I am sure it can interactions between the INSTEX and British banks American officials are exerting further pressure on Iran overcome these challenges.” and business institutes, adding that he was happy to to force it into sitting for a new round of talks to achieve Iran has never forgotten its people. Iran is a hero in terms of diversifying its energy sources, he said. say that the INSTEX was seriously seeking to what they deem to be a better nuclear deal, but Iran ‘I congratulate Iranian people for displaying integrity at the time of floods and gathered women and children in conduct the first trade exchange with its similar would never do so under pressure. certain areas to help the flood-affected. Iranian company in the shortest time possible despite Addressing a Turkish think tank in Ankara, the Iranian ‘You can confront natural disasters and I hope you will be successful to confront environmental challenges. existing challenges. See Page 7 diplomat described the U.S. policy towards Iran as ‘Iran is one of OPEC founding members and has been cooperating with the organization for over 60 year. I am ridiculous and said the Americans should know that the 28th OPEC secretary general and the first OPEC secretary general was Iranian. Iran will never sit for talks under pressure. ‘Mr. Zangeneh is the longest lasting oil minister in OPEC and I have met with him times and times because of “The Americans seek a better deal through exerting his experiences. Zangeneh is a supporter and fan of OPEC over decades and has played a significant role in the India Eyes Guyana as pressure on Iran to sit for a new round of talks. They quit a cooperation of OPEC and non-OPEC producers. treaty to make another one and this is ridiculous,” he said. ‘I consulted with Mr. Zangeneh prior to the 2016 historical OPEC statement. According to Araqchi, the U.S. is desperately trying to ‘We enjoy the expert cooperation of Iranian experts at OPEC secretariat that are streamlined by Mr. Hossein Iran Oil Supplies End push Iran into quitting the JCPOA. “They first withdrew Kazempour Ardebili. from the nuclear deal and then re-imposed their sanctions ‘Iran is one of the key energy centers in the world and enjoys the largest oil and gas reserves in the world.’ NEW DELHI (Dispatches) - Faced with U.S. sanctions on the Islamic Republic. Now, they have decided not to “Over the 60 years after the launch of OPEC, we have faced many problems, but the unity of member states has on one of its top suppliers Iran, India is charting new re-issue waivers for main importers of Iran’s oil to drive always helped us. If we can preserve this unity, we can overcome the challenges again,” he said on Thursday. geographies to meet its energy needs. The world’s third-largest oil importer is looking to secure an interest down Iran’s oil exports to zero.” See Page 7 He further underlined that he was concerned about differences among OPEC members, stating that “Iran’s challenge does not just concern this country; it also impacts OPEC as a whole and what happens to Iran, in Guyana’s oilfields that are being hailed as one of the Libya and Venezuela would influence the market and the oil industry.” See Page 7 world’s largest oil finds in recent times. A six-month sanctions waiver for India and seven other countries to continue importing oil from Iran Uptick in Iran-Pakistan Ties expired on Thursday, effectively shutting out Iranian crude beginning 3 May. After Recent Diplomatic Efforts Europe Tries to Sidestep the U.S. Finance System There is a growing interest in Guyana after ExxonMobil, one of the world’s largest publicly-traded ISLAMABAD (Dispatches) – Pakistan’s Foreign Minister LONDON (Bloomberg)-The standoff between the Trump administration and Iran is escalating, and Europe is energy firms, announced an estimated reserve of more Shah Mahmood Qureshi on Thursday apprised lawmakers caught in the middle. The U.S. is exerting pressure through renewed economic sanctions, and hardliners in than five billion oil-equivalent barrels in the offshore of recent developments in Pakistan’s ties with Iran, saying Tehran are issuing fiery threats of retaliation. Stabroek block in the South American country. The they had recently seen an uptick following the sharing of Brussels and national governments in the U.K., France and Germany, meanwhile, have been criticized by both sides for expectations have also swelled because Guyana information regarding developments at the border and the promising to preserve trade with Iran while also treading softly with the Americans to avoid a full-blown diplomatic crisis. borders Venezuela, which has one of the world’s prime minister’s visit to Tehran. Europeans “speak eloquently”, Iran’s foreign minister Mohammad Javad Zarif said in February. “They also need to walk the walk.” biggest oil reserves. Qureshi, speaking to MNAs on the floor of the National But it would be wrong to dismiss Europe’s efforts as hopeless. “We have an opportunity in Guyana.
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