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20 Countries Curb Volume of Crude Oil Purchases From Iran

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With its commitment to maintain pressure on the Iranian regime until it fully addresses concerns about its nuclear program, the United States of America today reported that a total of 20 countries and economies have continued to significantly reduce the volume of their crude oil purchases from Iran.

In her remarks today in Washington DC, US Secretary of State Hillary Rodham Clinton announces that China, India, Malaysia, Republic of Korea, Singapore, South Africa, Sri Lanka, Turkey, and Taiwan have again qualified for an exception to sanctions outlined in Section 1245 of the National Defense Authorization Act (NDAA) for Fiscal Year 2012, based on additional reductions in the volume of their crude oil purchases from Iran.

iran
President Mahmoud Ahmadinejad at Columbia University. Photo: Wikimedia Commons
According to Ms. Clinton, she will report to the Congress that exceptions to sanctions pursuant to Section 1245 of the NDAA for certain transactions will apply to the financial institutions based in these countries for a potentially renewable period of 180 days.

Ms. Clinton cites that according to the latest U.S. Energy Information Administration report to Congress, Iran's oil production fell by one million barrels per day in September and October 2012, compared to the same period in 2011.

She adds that this action has reduced Iran's export volumes and oil revenues, which fund not only the nuclear program but its support for terror and destabilizing actions in the region.

"The message to the Iranian regime from the international community is clear: take concrete actions to satisfy the concerns of the international community through negotiations with the P5+1, or face increasing isolation and pressure." - Ms. Clinton

In June 2011, the United States of America have imposed several sanctions on Iran. The United States imposed sanctions on Tidewater Middle East Company, an operator of Iranian ports owned by the Islamic Revolutionary Guard Corps (IRGC) that has links to Iranian proliferation activities.

The United States has also imposed sanctions against Iran Air, which was designated for providing material support and services to the IRGC and Iran's Ministry of Defense and Armed Forces Logistics (MODAFL), and also has facilitated proliferation-related activities.

The European Union as well has imposed sanctions against Iran. The EU bans imports of Iranian crude oil and petroleum products, freeze the assets of the Iranian central bank, and take additional action against Iran's energy, financial, and transport sectors.

The measures was agreed by the EU Foreign Affairs Council which are another strong step in the international effort to dramatically increase the pressure on Iran.

The Ministry of Intelligence and National Security of the Islamic Republic of Iran is the secret police and primary intelligence agency of the Islamic Republic of Iran. It is considered an important element of the Iranian government's security apparatus. It is well funded and equipped.

In 1999, ministry were held responsible for the serial murders of dissident writers and intellectuals.

Mina Fabulous follows the news, especially what is going on in the US State Department. Mina turns State Department waffle into plain english. Read more stories by Mina Fabulous. Contact Mina through NewsBlaze.

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