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Dec 8, 2012

U.S. extends waivers on Iran sanctions to India, China

WASHINGTON (Reuters) – The United States granted 180-day waivers on Iran sanctions to China, India and a number of other countries on Friday in exchange for their cutting purchases of oil from the Islamic Republic.

President Barack Obama’s administration has now renewed waivers for all 20 of Iran’s major oil buyers, after granting them to Japan and 10 European Union countries in September. F r i day’s action was the second renewal for all 20 after Obama signed the sanctions into law a year ago.

Dec 7, 2012

U.S. extends waivers on Iran sanctions to China, India, seven others

WASHINGTON (Reuters) – The United States granted 180-day waivers on Iran sanctions to China, India and seven other countries on Friday in exchange for those nations cutting purchases of oil from the Islamic Republic.

President Barack Obama’s administration has now renewed waivers for all 20 of Iran’s major oil buyers, after granting them to Japan and 10 EU countries in September. Friday’s action was the second renewal for all 20 after Obama signed the sanctions into law a year ago.

Dec 7, 2012

US extends waivers on Iran sanctions to China, India, 7 others

WASHINGTON, Dec 7 (Reuters) – The United States granted
180-day waivers on Iran sanctions to China, India and seven
other countries on Friday in exchange for those nations cutting
purchases of oil from the Islamic Republic.

President Barack Obama’s administration has now renewed
waivers for all 20 of Iran’s major oil buyers, after granting
them to Japan and 10 EU countries in September. F r iday’s action
was the second renewal for all 20 after Obama signed the
sanctions into law a year ago.

Dec 7, 2012

Exclusive: U.S. likely to extend Iran sanction waivers

WASHINGTON (Reuters) – The United States will likely give India, South Korea, Turkey and others another six-month reprieve on Friday from financial sanctions because they have reduced their purchases of crude oil from Iran, two U.S. government sources said on Thursday.

Oil shipments by Iran, the country’s main source of foreign exchange, have more than halved in 2012 due to U.S. and European Union sanctions aimed at reining in Tehran’s nuclear ambitions, pressuring its rial currency and igniting inflation.

Dec 6, 2012

US seen extending Iran sanction waivers to India, others

WASHINGTON (Reuters) – The United States will likely give on Friday another six-month reprieve from financial sanctions to India, South Korea, Turkey and others because they have reduced their purchases of crude oil from Iran, two U.S. government sources said on Thursday.

The United States has worked this year with all of Iran’s major oil buyers in an effort to rein in Tehran’s nuclear ambitions by cutting revenue from oil sales. All of the buyers are expected to eventually receive the waivers to sanctions, known as “exceptions”, in exchange for cutting purchases of oil from Iran.

Dec 6, 2012

Exclusive: U.S. seen extending Iran sanction waivers

WASHINGTON (Reuters) – The United States will likely give on Friday another six-month reprieve from financial sanctions to India, South Korea, Turkey and others because they have reduced their purchases of crude oil from Iran, two U.S. government sources said on Thursday.

The United States has worked this year with all of Iran’s major oil buyers in an effort to rein in Tehran’s nuclear ambitions by cutting revenue from oil sales. All of the buyers are expected to eventually receive the waivers to sanctions, known as “exceptions”, in exchange for cutting purchases of oil from Iran.

Dec 5, 2012

U.S. expects buyers of Iran’s crude to deepen cuts

WASHINGTON, Dec 5 (Reuters) – The United States expects
countries that buy oil from Iran to further reduce their
purchases if they want to avoid U.S. sanctions, a State
Department source said on Wednesday.

“The law requires additional cuts so we expect buyers to
make additional cuts,” a source at the State Department said
about the U.S. sanctions law signed a year ago by President
Barack Obama.

Nov 30, 2012

Senate approves new sanctions for Iran energy, shipping

WASHINGTON (Reuters) – The U.S. Senate resoundingly approved on Friday expanded sanctions on global trade with Iran’s energy and shipping sectors, its latest effort to ratchet up economic pressure on Tehran over its nuclear program.

The new package, which keeps in place exemptions for countries that have made significant cuts to their purchases of Iranian crude oil, would be the third round of sanctions in a year if passed into law.

Nov 29, 2012

Lifting BP ban will be more than simple agreement: source

WASHINGTON (Reuters) – U.S. officials were surprised that BP Plc suggested an agreement would soon be ready to lift a suspension imposed this week on the company’s obtaining new federal contracts, a government source said on Thursday.

“It caught us off guard,” the source said. “It’s not the case that there is an administrative agreement that is ready to go out the door right now,” the source said, adding that any administrative agreement will only be part of a several-step process that could take months.

Nov 29, 2012

Lifting BP ban will be more than simple agreement – U.S. source

WASHINGTON (Reuters) – U.S. officials were surprised that BP Plc suggested an agreement would soon be ready to lift a suspension imposed this week on the company’s obtaining new federal contracts, a government source said on Thursday.

“It caught us off guard,” the source said. “It’s not the case that there is an administrative agreement that is ready to go out the door right now,” the source said, adding that any administrative agreement will only be part of a several-step process that could take months.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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