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Iran Promoting Idea Of Joining Russia, Venezuela As Energy Block

Mardo Soghom
Mardo Soghom

Iran International

Jun 15, 2022, 16:33 GMT+1Updated: 17:33 GMT+1
Iran's oil minister Javad Owji with Maduro in Tehran, June 13, 2022
Iran's oil minister Javad Owji with Maduro in Tehran, June 13, 2022

Iran, Russia and Venezuela have a large potential to thwart sanctions on their energy sectors if they cooperate, Iran’s government news agency said Wednesday.

The Islamic Republic News Agency (IRNA) in an unsigned article highlighted United States sanctions against the energy industries of the three countries, although each is a different case.

In Iran’s case, sanctions were imposed for its nuclear program after former US president Donald Trump withdrew from the 2015 nuclear agreement known as the JCPOA.

In Venezuela’s case the Obama Administration and many Western countries imposed targeted sanctions against individuals for human rights abuses, corruption, and antidemocratic actions. The Trump Administration expanded economic sanctions, including on the oil industry, in response to the increasing authoritarianism of President Nicolás Maduro.

Russian oil imports have been banned by many countries after its February 24 invasion of Ukraine and many European countries are ending their natural gas imports from Russia for the same reason. However, there are no third-party sanctions on Russian energy exports, which might be the next phase of sanctions.

IRNA argued that Venezuela has the largest oil reserves in the world, mentioning 303 billion barrels, with Iran having 157 billion and Russia with 89 billion barrels of crude, totaling 45 percent of world reserves.

This represents a huge potential for influencing the world market, IRNA said, calling for cooperation between the three countries.

But facts on the ground are somewhat different than what the Iranian government seems to suggest.

An Iranian tanker approaching Venezuelan coast carrying gasoline. May 5, 2020
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An Iranian tanker approaching Venezuelan coast carrying gasoline. May 5, 2020

Venezuela’s reserves at this moment do not count for much because it was never a large exporter. Before the US sanctions, Caracas exported around 750,000 barrels per day, a small quantity compared with Russia’s and Saudi Arabia’s daily shipments, easily reaching 15 million barrels.

Saudi Arabia alone can easily add two million barrels a day to world oil supply if it decides the move to be in its political or economic interests.

Iran’s spare production capacity is higher than Venezuela’s, but not detrimental to world supplies. In recent months, Tehran has been shipping just under one million barrels a day and if sanctions are lifted it can add a maximum of another 1.5 million barrels.

Putting Iran’s and Venezuela’s spare capacities together, they are roughly equal to what Saudi Arabia can add to world supplies in a short period of time, if it decides to do so.

Venezuela’s oil production infrastructure is in serious disrepair and Iran also admits it needs at least $160 billion in investments to revitalize production that has suffered through successive international and US sanctions.

Meanwhile, as Iran dreams about a ‘cartel’ with Russia and Venezuela, Moscow is going its separate way since the invasion of Ukraine.

Multiple reports in May and June show that Russia is selling its spare crude to China and India at the expense of Iran. A report in May said that around 40 million barrels of Iranian crude is sitting in tankers in Asian waters unable to find customers. Another report on June 13 said Tehran’s oil exports dropped by 50 percent in May, which confirmed earlier news about Russia taking market share from Iran.

Since 2020, Iran has tried to help Venezuela revive its oil and refining industries, by sending technical help and shipping gasoline and oil. Many agreements were also signed during the recent visit of President Nicolas Maduro to Iran, but any serious project needs financing, which is a challenge for both countries.

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US Ready For Swift Return To JCPOA If Iran Drops Extraneous Demands

Jun 14, 2022, 22:45 GMT+1
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Iran International Newsroom

In response to Iran International, US State Department said if Iran is ready to drop demands beyond the JCPOA, Washington can return to the deal “very swiftly”.

Answering a question by our correspondent Samira Gharaei at the State department briefing on Tuesday about claims by Iranian Foreign Minister Hossein Amir-Abdollahian that the Islamic Republic has proposed new initiatives aimed at reviving the nuclear deal, spokesman Ned Price implicitly confirmed the news but avoided directly commenting on Iran's proposals. 

Price reiterated that Washington and its European partners are ready to conclude an agreement in Vienna for the mutual compliance with the JCPOA, noting that for that to happen, “Tehran needs to decide to drop demands that go beyond the scope of the JCPOA”, suggesting that the new proposals by Tehran include demands extraneous to the 2015 accord. 

He confirmed that Tehran and Washington are engaged in indirect regular contact via Enrique Mora, the European Union coordinator for the Iran nuclear talks, saying, “We await a constructive response from the Iranians, a response that leaves behind issues that are extraneous to the JCPOA.” 

Iran International’s correspondent Samira Gharaei during a press briefing of US State Department Spokesperson Ned Price on June 14, 2022
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Iran International’s correspondent Samira Gharaei during a press briefing of US State Department Spokesperson Ned Price on June 14, 2022

Earlier in the day, Iran's Atomic Energy Organization released a copy of its answers to IAEA questions about origins of uranium found at three undeclared locations, saying “sabotage” is the only explanation. 

The document that was released to the media on Tuesday was earlier submitted to the International Atomic Energy Agency, which rejected the explanations as "technically not credible".

Iran agreed March 5 to provide written explanations by March 20 of long-standing issues in its nuclear work before 2003, and to clear up remaining queries by June 21. The latest quarterly report by the UN watchdog expressed dissatisfaction with Iran’s response to agency over sites not declared as part of the nuclear program where inspectors detected traces of uranium. This led to a resolution critical of Iran’s nuclear cooperation by the agency’s board of governors on June 8. 

In its answers, Iran maintained that the only plausible explanation for such traces is probably sabotage by foreign elements at Marivan, Varamin and Turquzabad sites, pointing out that the Varamin center, near the capital Tehran, was "never" used for nuclear activities.  

Iran said the IAEA’s claims about storage of nuclear material and/or conduct of nuclear-related activities, at Varamin are not supported by valid proofs and are misleading, noting that “the initial activities conducted in this location had been exploitation of sodium sulphate from the soil and water of the surrounding region.” 

For Marivan, which is a misnomer as the site is located near the city of Abadeh in the southwestern Fars province, Iran said the origin of the particles is "unknown" and insists the site was used for "the exploitation of fireclay through a contract with a foreign company decades ago" hence the IAEA’s “conclusion is absolutely false, unrealistic and biased.”

Iran claims it carried out its own investigation in Turquzabad and "did not find the origin of the particles" reported by the IAEA. 

Later on Tuesday, the head of the Atomic Energy Agency of Iran, Mohammad Eslami, said that Iran’s contacts with the International Atomic Energy Agency are still underway, reiterating that Iran will act based on the safeguards protocol. 

The resolution called on Iran to engage with the IAEA, the United Nations nuclear watchdog, without delay and expressed “profound concern” at Iran’s failure to satisfy the agency over the traces of uranium.

Following the resolution, Iran retaliated, telling the IAEA it plans to remove more monitoring equipment, but intends to maintain a basic level of monitoring and inspectors’ access as required under the Nuclear Non-Proliferation Treaty (NPT). 

The resolution comes with year-long talks paused since March between Iran and five world powers aimed at reviving the 2015 Iran nuclear deal, the JCPOA (Joint Comprehensive Plan of Action).

Iran Hacks Into E-Mail Accounts Of Senior Israeli Officials For Phishing

Jun 14, 2022, 15:15 GMT+1

Israel says Iranian hackers broke into the e-mail accounts of senior Israeli officials and carried out targeted "phishing" attacks to retrieve information about politicians and academics. 

Israeli cybersecurity company CheckPoint revealed on Tuesday that some of the targets have a high public profile, such as former Foreign Minister Tzipi Livni, the former US ambassador to Israel, and the head of a large security research institute in Israel.

According to CheckPoint, the Iranians who hacked into the e-mail accounts of the officials, impersonated them on various platforms, corresponded on their behalf and eventually stole personal information from them.

The hackers, for instance, used a false identity of a retired Israeli Defense Force general and the former ambassador to Washington in order to approach other officials to continue their breach on the personal information of high-level officials in the defense industry, passports and other restricted documents.

The company added that the hacking campaign began in December of 2021, and continued for at least six months, ending last week.

The ploy was uncovered when Livni approached checkpoint after she became suspicious in December, when she received a mail from the former IDF general who urged her to enter her email password in a Trojan file that had invited her to attend a conference abroad.

In May, Israel’s security agency Shin Bet said it uncovered an alleged plot by Iranian intelligence to lure Israeli academics and former defense officials to travel abroad in order to kidnap them.

Pakistani Foreign Minister Is In Iran To Boost Ties

Jun 14, 2022, 13:53 GMT+1

Pakistan’s foreign minister is in Iran and has met with his Iranian counterpart as part of regular high-level exchanges between the two neighbors.

During a joint press conference on Tuesday, Bilawal Bhutto Zardari and Hossein Amir-Abdollahian said they discussed issues of mutual interest such as trade cooperation, border markets, and development of local trade. The top Pakistani diplomat arrived in Tehran for a two-day visit and is scheduled to visit Mashhad on Wednesday.

The two foreign ministers said they also talked about road and rail connectivity and tourism, as well as gas and electricity exports from Iran to Pakistan, adding that they also reviewed regional security issues with a particular focus on developments in Afghanistan and South Asia. 

During the press conference, Amir-Abdollahian also touched upon the Vienna talks to restore the 2015 nuclear deal, saying that “Iran has never escaped the negotiating table and we believe that negotiation and diplomacy is the best way to reach agreement.”

The two had met on the sidelines of the World Economic Forum in Davos late in May, calling for bolstering bilateral cooperation. But relations were strained recently over Pakistani allegations of Iranian involvement with a militant separatist group. Among other issues is Islamabad’s challenge to maintain a delicate balance in ties between Iran and Saudi Arabia, whose ties have soured in recent years.

Iran Reports Release Of Oil Tanker Seized By Greece

Jun 14, 2022, 11:28 GMT+1

Iran's Ports and Maritime Organisation (PMO) said on Tuesday the Iranian-flagged Lana tanker seized in April by Greece is no longer impounded.

The semi-official Mehr news website quoting Iranian officials sadi that the oil cargo will be returned to its owner.

"With the swift and authoritative action of Iran, the Greek government finally issued an order and we are now witnessing the lifting of the ship's seizure and the return of its cargo to its owner," the PMO told Mehr.

The ship, previously called Pegas and renamed Lana in March, had reported an engine problem in April. It was headed to the southern Peloponnese peninsula to offload its cargo on to another tanker but rough seas forced it to moor just off Karystos where it was seized, according to the Athens News Agency.

A Greek court overturned an earlier ruling last week that allowed the confiscation by the United States of part of the Iranian-flagged tanker's Iranian oil cargo off the Greek coast, three sources familiar with the matter said.

The US has sanctioned Iranian oil exports since 2018.

The incident led to an angry response from Iran, with Iranian forces last month seizing two Greek tankers in the Gulf after Tehran warned it would take "punitive action" against Athens.

There is still no word about the fate of the Greek tankers, but in similar cases in the past Iran has released seized vessels if there was a reciprocal agreement.

With reporting by Reuters

Saudi Arabia Rejects 6,500 Hajj Pilgrims Who Received Iranian Vaccines

Jun 13, 2022, 21:35 GMT+1

Saudi Arabia has refused to accept 6,500 Iranian Hajj pilgrims who had been vaccinated against coronavirus with Iranian-made Barekat vaccines. 

According to Iranian state-owned paper JameJam, they all had to be vaccinated once again with one of the vaccines approved by Riyadh. 

After two years of pared-down pilgrimage due to Covid-19 pandemic restrictions, this year Saudi authorities will permit one million Muslims from inside and outside the country to participate. About 40,000 Iranians are set to attend. 

Earlier in April, Iran’s national carrier, Iran Air, announced that Iraq does not allow entry to visitors who have received Iranian-made Covid-19 vaccines.

Iraq, with a population of over 40 million, vaccinated 18 percent of its population, short of a 40 percent target set last year by the World Health Organization for January 2022, but has reported about 25,000 deaths. Iran has vaccinated 70 percent and has reported about 141,000 deaths.

Iran has approved at least six homegrown vaccines for production, although some have not completed trials. Most of the 147 million doses administered in Iran are Sinopharm Chinese vaccines, recognized by the World Health Organization.

In January 2021, Iran’s Supreme Leader Ali Khamenei banned the purchase of American and British vaccines, and the state began pushing for homegrown variants. 

In September 2021, more controversy ensued when a former member of parliament alleged that Barakat, the most well-connected vaccine developer received one billion dollars from the state in advance and delivered only a fraction of the quantity promised.