U.S. will sanction any countries that import Iranian oil: special envoy

Presented without my usual comments.

U.S. will sanction any countries that import Iranian oil: special envoy

(Reuters) - The United States will sanction any country that imports Iranian oil and there are no exemptions in place, the U.S. special envoy for Iran said on Friday.

U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking an unprecedented step to increase pressure on Iran after Tehran’s downing of an unmanned American drone last week.

“We will sanction any imports of Iranian crude oil,” Brian Hook said when asked about the sale of Iranian crude to Asia, adding that the United States would take a look at reports of Iranian crude going to China.

There are right now no oil waivers in place,” Hook told reporters in London. “We will sanction any illicit purchases of Iranian crude oil.” 

...

 

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2 hours ago, Tom Kirkman said:

Presented without my usual comments.

U.S. will sanction any countries that import Iranian oil: special envoy

(Reuters) - The United States will sanction any country that imports Iranian oil and there are no exemptions in place, the U.S. special envoy for Iran said on Friday.

U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking an unprecedented step to increase pressure on Iran after Tehran’s downing of an unmanned American drone last week.

“We will sanction any imports of Iranian crude oil,” Brian Hook said when asked about the sale of Iranian crude to Asia, adding that the United States would take a look at reports of Iranian crude going to China.

There are right now no oil waivers in place,” Hook told reporters in London. “We will sanction any illicit purchases of Iranian crude oil.” 

...

 

It has already been proven, that just the threat of US sanctions for imports of Iranian oil has made countries drop that origin like hot potatoes.

China maybe still importing some but it doesnt add to a significant number and China will get to a point of full compliance.

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Asia's Iran oil imports fall to lowest in at least five years in May

 

SINGAPORE (Reuters) - Asia’s crude oil imports from Iran fell in May to the lowest in at least five years after China and India wound down purchases amid U.S. sanctions, while Japan and South Korea halted imports, data from government and trade sources showed on Friday.

 

Total imports from Asia’s top four buyers came to 386,021 barrels per day (bpd) of Iranian crude in May, down 78.5% from a year ago to the lowest monthly level since the data began to be collected by Reuters in 2014.

 

Imports had hit a 9-month high of 1.62 million bpd just a month earlier as buyers rushed to ship in as much as they could before waivers from U.S. sanctions on Iran expired at the start of May.

The United States withdrew from a nuclear accord between world powers and Iran last year and re-imposed sanctions on Tehran that cut off legitimate means for the OPEC producer to export its oil.

The absence of Iranian oil drove spot premiums for crude sharply higher as Asian buyers scoured the world for replacement supplies.

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When these US sanctions are in force the oil will be bought from here:  http://www.petroleumnews.com/  (pay service) but an excerpt from it: 

Quote

The new oil field that is expected to increase Alaska North Slope output by almost 25% at its peak might be going online early — in 2022 versus late 2023. Keiran Wulff, Oil Search Alaska's president, said June 26 that moving “cautiously, not expeditiously,” the schedule for its big Pikka oil field d....  

OPEC will have its wind of power removed from its sails of control. This is by design, the puppet masters are pulling all the strings and we (society) are being lead to see one thing while behind us Alaska is being turned on. 

Break free from your marionette strings. We are independent thinkers, use your mind to see what they are doing to the market.

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5 minutes ago, Brent Hamrick said:

When these US sanctions are in force the oil will be bought from here:  http://www.petroleumnews.com/  (pay service) but an excerpt from it: 

OPEC will have its wind of power removed from its sails of control. This is by design, the puppet masters are pulling all the strings and we (society) are being lead to see one thing while behind us Alaska is being turned on. 

Break free from your marionette strings. We are independent thinkers, use your mind to see what they are doing to the market.

https://www.marketwatch.com/story/oil-search-increases-stake-in-alaska-oil-fields-2019-06-28

https://www.miningweekly.com/article/australias-oil-search-ups-stake-in-alaska-field-2019-06-28

https://www.alaskapublic.org/2018/08/24/company-hints-north-slope-oil-field-could-be-larger-than-first-estimated/

The Pikka Field discovered by Armstrong Oil & Gas is just 2 to 3 miles wide, about 30 miles long, could produce 1.2 billion barrels of oil, and is one of three major finds that have shattered assumptions about what is possible in the most explored parts of Alaska’s North Slope.

“The Armstrong discovery, and especially the size of that discovery, was stunning to everyone,” said David Houseknecht, a geologist for the US Geological Survey who has done multiple assessments of the potential in the area. “The thinking was the biggest oil pool we could imagine had 200 to 250 million barrels of recoverable oil. These discoveries coming in with more than a billion barrels or 300 million barrels, at least, really change things by an order of magnitude.”

The find by Armstrong in March may not be the biggest of the three. A discovery by Caelus Energy in Smith Bay called Tulimaniq could produce twice as much oil though the development challenges are also much greater. And Conoco Phillips’ Willow discovery could ultimately produce from 3.3 to 3.9 billion, and add more than 400,000 B/D of production in the next decade.

It is an impressive total, even when discounted for the fact that these are early estimates in a costly area for development in a period of struggling oil prices. In addition, what has been learned about identifying the subtle signs of oil trapped within two large formations—the Nanushuk and the Torok—could open up greater opportunities.

The recent finds could turn the Nanushuk from a minor reservoir into a “virtually unexplored play fairway covering at least 9000 to 15000 km2 that includes both onshore and shallow offshore areas,” said Houseknecht. He made the comment during a presentation at the recent annual meeting of the American Association of Petroleum Geologists in Houston, where even poster sessions on the North Slope drew crowds.

Those finds highlight advances in the tools used to look for oil pockets trapped in the earth, and unconventional techniques needed to maximize production from conventional reservoirs that are tighter than the free-flowing reservoirs found in the aging Prudhoe Bay field to the east.

“The bottom line is, because of 3D seismic and because of the completion practices used for unconventionals, we can now reasonably look at low-permeable Brookian [Nanushuk and Torok] reservoirs as viable,” he said.

One sign of the industry’s confidence was bidding at state and federal lease sales in December, where Conoco Phillips was the most aggressive bidder, picking up about 600,000 net acres, said Alison Wolters, a research analyst for Wood Mackenzie.

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7 hours ago, Tom Kirkman said:

 

There are right now no oil waivers in place,” Hook told reporters in London. “We will sanction any illicit purchases of Iranian crude oil.” 

...

 

It may be illicit in the USA but buying Iranian oil is still legal for the rest of the world.  The sanctions are US sanctions and not UN international sanctions.

Imagine how the US would react if another country was trying to force them to obey to a  foreign law !

So you can also imagine many countries are not very happy with the way the US  are trying to force them to stop buying Iranian oil, threatening them if they don't comply.

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3 minutes ago, Guillaume Albasini said:

 

It may be illicit in the USA but buying Iranian oil is still legal for the rest of the world.  The sanctions are US sanctions and not UN international sanctions.

Imagine how the US would react if another country was trying to force them to obey to a  foreign law !

So you can also imagine many countries are not very happy with the way the US  are trying to force them to stop buying Iranian oil, threatening them if they don't comply.

Countries are complying with the sanction requirements!!!! Countries are not happy but they are complying to various degrees and some have shut it down 100%.

Iran and the world know the facts about the sanctions imposed are for a real reason , that is Iran wanting to and proceeding with acquiring nukes and their direct and proxy acts of terror and support of same.

Asia's Iran oil imports fall to lowest in at least five years in May

 

SINGAPORE (Reuters) - Asia’s crude oil imports from Iran fell in May to the lowest in at least five years after China and India wound down purchases amid U.S. sanctions, while Japan and South Korea halted imports, data from government and trade sources showed on Friday.

 

Total imports from Asia’s top four buyers came to 386,021 barrels per day (bpd) of Iranian crude in May, down 78.5% from a year ago to the lowest monthly level since the data began to be collected by Reuters in 2014.

 

Imports had hit a 9-month high of 1.62 million bpd just a month earlier as buyers rushed to ship in as much as they could before waivers from U.S. sanctions on Iran expired at the start of May.

The United States withdrew from a nuclear accord between world powers and Iran last year and re-imposed sanctions on Tehran that cut off legitimate means for the OPEC producer to export its oil.

The absence of Iranian oil drove spot premiums for crude sharply higher as Asian buyers scoured the world for replacement supplies.

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Threatening your friends to force them to comply with your sanctions when they don't agree with your sanctions may help you to enforce the sanctions but then don't ask why your friends are suddenly less friendly with you.

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14 minutes ago, Guillaume Albasini said:

Threatening your friends to force them to comply with your sanctions when they don't agree with your sanctions may help you to enforce the sanctions but then don't ask why your friends are suddenly less friendly with you.

;)O.o:D

You scratch my back , I scratch your back!!!

For the best interest of the world, is it safe for the rest of the world or most of the world that Iran posses the capability to use nuclear materials to make weapons? Their actions and rhetorics dont warrant that they  be allowed to have these.

 

 

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Interestingly, I have not read anywhere just exactly what the US secondary "sanctions" would be to a third party that purchases oil from Iran.  Will that be some new tariff barrier to that country's exports to the USA?  Or, perhaps, a declaration of refusal of any  military help if invaded by a neighbor?  Or what?

For example, I cannot picture the US Administration doing anything further to the Russian Federation that it has not already done.  All the Russian leadership has already had their assets frozen (to the extent they had any in the USA).  Nobody in Russia is trading in US Dollars.  The US has already shut the Russians out of the US banking system.  What is left?  Ban Aeroflot from refuelling at JFK Airport?  How ridiculous is this going to get?

It is starting to develop the flavor of some kiddie sandbox fight.  "I don't like Charlie; if you go play with Charlie, then I won't play with you and you cannot use any of my toys.  So there!"  

Not exactly a mature way to settle disputes. 

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3 minutes ago, ceo_energemsier said:

that Iran posses the capability to use nuclear materials to make weapons

Well, let's re-phrase that a tad.  It is not that "Iran" might possess the materials, it is that "the old guard of Ayatollahs" might possess them.  The Iranian people have no interest in starting up nuclear bomb exchanges.  It is the crazies at the helm that are so nuts.  Regime change  (and arrest of the Ayatollahs) would be, in my view, the end goal here. 

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Just now, Jan van Eck said:

Well, let's re-phrase that a tad.  It is not that "Iran" might possess the materials, it is that "the old guard of Ayatollahs" might possess them.  The Iranian people have no interest in starting up nuclear bomb exchanges.  It is the crazies at the helm that are so nuts.  Regime change  (and arrest of the Ayatollahs) would be, in my view, the end goal here. 

Well, I used the word Iran interchangeably with  Mulla "Tolla" 's not particularly directed towards the Iranian population in general.

You can just see how dangerous it is in the region that Pakistan has them.

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2 minutes ago, Jan van Eck said:

Regime change  (and arrest of the Ayatollahs) would be, in my view, the end goal here. 

Wouldn't it be nice and above all mature to leave that to the Iranians?

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9 minutes ago, Jan van Eck said:

Interestingly, I have not read anywhere just exactly what the US secondary "sanctions" would be to a third party that purchases oil from Iran.  Will that be some new tariff barrier to that country's exports to the USA?  Or, perhaps, a declaration of refusal of any  military help if invaded by a neighbor?  Or what?

For example, I cannot picture the US Administration doing anything further to the Russian Federation that it has not already done.  All the Russian leadership has already had their assets frozen (to the extent they had any in the USA).  Nobody in Russia is trading in US Dollars.  The US has already shut the Russians out of the US banking system.  What is left?  Ban Aeroflot from refuelling at JFK Airport?  How ridiculous is this going to get?

It is starting to develop the flavor of some kiddie sandbox fight.  "I don't like Charlie; if you go play with Charlie, then I won't play with you and you cannot use any of my toys.  So there!"  

Not exactly a mature way to settle disputes. 

One of the ways the Russkies could get hit would be a form of technology transfer and use of tech. Was done before and their O&G was starting to suffer.

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1 minute ago, ceo_energemsier said:

Well, I used the word Iran interchangeably with  Mulla "Tolla" 's not particularly directed towards the Iranian population in general.

You can just see how dangerous it is in the region that Pakistan has them.

Pakistan is an exceedingly dangerous country.  That fellow Kahn the nuclear scientist proceeded to export the technology to North Korea and rationalized it that this would keep the USA from bombing them.  Kahn is an international criminal.  I don't know what has happened to him, if he is in jail or was hit.  Either way, a very disturbed, dangerous criminal. 

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2 minutes ago, RuudinFrance said:

Wouldn't it be nice and above all mature to leave that to the Iranians?

It is the best possible solution, and the only reasonable and mature one out there. 

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3 minutes ago, Jan van Eck said:

That fellow Kahn the nuclear scientist

Didn't he steal all his knowledge during his stint at URENCO in NL?

Blame the Dutch.

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Just now, Jan van Eck said:

Pakistan is an exceedingly dangerous country.  That fellow Kahn the nuclear scientist proceeded to export the technology to North Korea and rationalized it that this would keep the USA from bombing them.  Kahn is an international criminal.  I don't know what has happened to him, if he is in jail or was hit.  Either way, a very disturbed, dangerous criminal. 

He was worshiped as a national hero in Pakistan.

He was arrested I think in 2008 or 09 and then released

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7 minutes ago, ceo_energemsier said:

One of the ways the Russkies could get hit would be a form of technology transfer and use of tech. Was done before and their O&G was starting to suffer.

Your disrespectful use of "Russkies" tells a story of itself.

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2 minutes ago, RuudinFrance said:

Didn't he steal all his knowledge during his stint at URENCO in NL?

Blame the Dutch.

ouch!

1 minute ago, ceo_energemsier said:

He was arrested I think in 2008 or 09 and then released

Ouch!

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Just now, RuudinFrance said:

Your disrespectful use of "Russkies" tells a story of itself.

Come on now, Ruud, Russkies is just an American slang term.  It is not intended nor used in the USA as a pejorative.  Just slang.

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1 minute ago, RuudinFrance said:

Your disrespectful use of "Russkies" tells a story of itself.

Ouch, Ouch, LOL just about the same when folks call American Yanks , no disrespect.

Same thing when I use the term or word, The Putinator, or Rootin Tootin Putin ;):D

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8 minutes ago, RuudinFrance said:

Didn't he steal all his knowledge during his stint at URENCO in NL?

Blame the Dutch.

The Dutch let him steal it and now they dont like his kind to be there LOL

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2 minutes ago, Jan van Eck said:

Come on now, Ruud, Russkies is just an American slang term.  It is not intended nor used in the USA as a pejorative.  Just slang.

One lives to learn. OK Russkies is acceptable than.

How do Southerners react when they are called "Yank"?

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13 minutes ago, RuudinFrance said:

How do Southerners react when they are called "Yank"?

They freak out and reach for their guns........

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