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| Syria-Lebanon-Iran |
| Russia's LUKoil ceases gasoline supplies to Iran |
| 2010-04-08 |
| The Russian oil giant LUKoil has stopped shipping gasoline to Iran, following fears of US retaliation. Previously, the company shipped between 250 and 500 thousand barrels of gasoline to Iran every month, reported Russia's RIA Novosti news agency. Although sitting on vast oil and gas reserves, Iran's gasoline refinery output has not kept pace with the growing number of cars in the country. The country therefore imports a proportion of its required gasoline from abroad. Recent unilateral US sanctions have focused on punishing international companies that supply gasoline to Iran. Speaking on April 3, the head of Iran's Committee for Transportation and Fuel Management said Iran was capable of becoming self-sufficient in gasoline production during the current Iranian year (ending March 20, 2011). "Iran's gasoline consumption stands at 62 million liters (16.38 million US gallons) per day, of which 45 million liters (11.89 million US gallons) are produced domestically," said Mohammad Rouyanian. "In normal circumstances, we would not become self-sufficient in gasoline production this year, but, if certain conditions, such as sanctions are created, then we can increase our gasoline production to meet domestic demand and this can happen by the end of the year, and even during the first quarter of the new [Iranian] year (June 21)," he added. Last month, LUKoil announced it was quitting a project in Iran's Anaran oil field. |
| Posted by:Fred |
| #4 LUKoil owns an oil refinery(s?) and a bunch of service/convenience stores in the US. If they want to continue to do business in the US, then they had to quit Iran. House passes Iran gasoline sanctions bill The House of Representatives approved legislation on Tuesday to impose sanctions on foreign companies that help supply gasoline to Iran, a move lawmakers hope will deter Tehran from pursuing its nuclear program. |
| Posted by: ed 2010-04-08 17:16 |
| #3 I think its a 3 part deal involving the recent US-Russia nuclear treaty, as payoff for Russia's delay in sending Iran S300 anti-air defense systems and implicit oil sanctions which are also justified by Iran's failure to pay |
| Posted by: BlackCat 2010-04-08 16:38 |
| #2 Nope. It has to do with Iranians' ability to pay. |
| Posted by: g(r)omgoru 2010-04-08 14:22 |
| #1 Does this have anything to do with the recent nuclear drawdown agreement between Obama and the Russians? |
| Posted by: Whatch Dingle9559 2010-04-08 13:36 |