The U.S. has reimposed sanctions on Iran following President TrumpDonald John TrumpArizona GOP Senate candidate defends bus tour with far-right activist Alyssa Milano protests Kavanaugh in "Handmaid's Tale" costume Bomb in deadly Yemen school bus attack was manufactured by USA firm: report MORE's decision to leave former President Obama's 2015 nuclear deal with the nation.
Not the first time Iran used a similar system between 2012 and 2016 to circumvent Western-led sanctions which were effective in curtailing exports because of a lack of insurance for the shipments.
Total later confirmed it had notified the Iranian authorities of its withdrawal from South Pars after it failed to obtain a waiver from US sanctions. Chinese officials say CNPC will take over Total's share in the project, giving them even deeper control in the offshore venture.
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The Total pullout is likely what prompted the Iranian Foreign Ministry to issue a statement urging the European Union to speed up its promised efforts to try to preserve the P5+1 nuclear deal in the absence of the US.
The first round of sanctions, which included cutting off Iran and its trade partners from the United States, went into effect 7 August. So far, a number of European companies have suspended their operations in Iran despite protection promised by Brussels from U.S. penalties.
"Prices are being supported by the prospect of lower oil supply from Iran", Commerzbank said in a note.
Quand le rappeur Booba envoie une lettre à Médine !
Les rappeurs Booba et Kaaris se tapaient dessus il y a quelques semaines à l'aéroport d'Orly , et se retrouvaient alors en prison. Selon Kaaris âgé de 38 ans, sa rivalité avec Booba a débuté lorsqu'il a refusé " d'insulter " deux rivaux de celui-ci.
State oil trader Zhuhai Zhenrong and refiner Sinopec Group activated a clause in its long-term supply agreements with National Iranian Oil Corp that lets them use NITC-operated tankers, sources told Reuters.
The price for oil under the long-term deals has been changed to a delivered ex-ship basis from the previous free-on-board terms, meaning Iran will cover all costs and risks of delivering the crude as well as handling the insurance, they said. In June, the loadings were 19.8 million barrels, or 660,000 bpd.
Last month, those tankers loaded about 23.8 million barrels of crude oil and condensate destined for China, or about 767,000 barrels per day (bpd).
Espagne : un algérien armé abattu par la police
Les experts de la lutte antiterroriste considèrent la Catalogne comme un des principaux foyers du jihadisme en Espagne . Il est entré dans le commissariat en criant " Allah akbar" (Dieu est le plus grand) avant d'être abattu dans le hall.
In 2017, China imported an average of 623,000 bpd, according to customs data. Insurance usually includes cover for the oil cargoes, third-party liability and pollution.