Energy News  
OIL AND GAS
US sanctions Chinese, UAE firms skirting Iran oil embargo
by Staff Writers
Washington (AFP) Sept 3, 2020

The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran's oil exports.

"Iran must stop exploiting its natural resources to fund terror and destruction across the region," US Secretary of State Mike Pompeo warned in a tweet.

It was the latest in a series of sanctions that Washington has slapped on foreign companies doing business with Tehran.

US President Donald Trump in 2018 pulled out of the international agreement signed with the country to prevent it from acquiring nuclear weapons, which he said was ineffective, and immediately re-established and tightened US sanctions against the Islamic Republic.

The US State Department imposed punitive measures on Iran-based Abadan Refining Company, three China-based companies (Zhihang Ship Management CO Ltd., New Far International Logistics LLC, Sino Energy Shipping Ltd) and another based in the UAE (Chemtrans Petrochemicals Trading LLC). Three executives from Abadan, New Far and Sino Energy were also targeted.

Meanwhile, the US Treasury Department has added to its blacklist six firms also based in those countries for doing business with Triliance Petrochemical, a company sanctioned in January for its involvement in the sale of Iranian petrochemical products.

Treasury said those funds are "a key revenue source for the Iranian regime, helping to finance its destabilizing support to corrupt regimes and terrorist groups throughout the Middle East and, more recently, Venezuela."

The newly blacklisted companies are the Iranian firms Zagros Petrochemical Company, UAE-based Petrotech FZE and Trio Energy DMCC, and Chinese companies Jingho Technology Co. Limited, Dynapex Energy Limited and Dinrin Limited, based in Hong Kong.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Kushner visits UAE base where coveted F-35 jets deployed
Al Dhafra Air Base, UAE (AFP) Sept 1, 2020
White House advisor Jared Kushner visited a UAE air base Tuesday where the US operates F-35 fighter jets coveted by Abu Dhabi - the thorniest issue in the Emirates' newly established ties with Israel. Kushner, President Donald Trump's son-in-law, is in Abu Dhabi as part of a US-Israeli delegation that arrived on a historic direct flight from Tel Aviv Monday, to mark an accord struck last month to normalise relations between the Jewish state and the UAE. Israel has denied reports that the deal h ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Improving weather forecasts with observations from the microwave instruments onboard China's FY-3D satellite

Observation satellite starts formal duties

Gaofen 7 observation satellite starts formal duties

New data product warns Alaska pilots of clouds, dangerously cold weather

OIL AND GAS
Tech combo is a real game-changer for farming

Launch of Russia's Glonass-K satellite postponed until October

GPS 3 receives operational acceptance

Air Force navigation technology satellite passes critical design review

OIL AND GAS
Toronto seeks to save oak tree older than Canada

Brazil military plane flew illegal Amazon miners: prosecutors

Fight over Myanmar's marble hills; Amazon protesters resume roadblock

Brazil VP challenges DiCaprio to a hike in the jungle

OIL AND GAS
Making more of methane

Can sunlight convert emissions into useful materials?

AFRL awards $1M to first Grand Challenge For Biotechnology

Researchers find that bacteria can produce common component in plastic

OIL AND GAS
Researchers develop molecule to store solar energy

Raptor Maps Raises $5M for its Solar Lifecycle Management Software

Tandem solar cell world record: New branch in the NREL chart

NREL six-junction solar cell sets two world records for efficiency

OIL AND GAS
Offshore wind power now so cheap it could pay money back to consumers

Trust me if you can

Ingeteam's advanced simulation models to ease wind power grid integration

Magnora ASA and Kustvind AB accelerate development of 500 MW offshore wind project in southern Sweden

OIL AND GAS
Fight over future of UK coal as last big mine shuts

BHP signals shift away from coal as profits dip

To end King Coal's reign, must his most loyal subjects get paid

Mine expansion threatens German villages despite coal exit

OIL AND GAS
Australia to probe foreign influence at universities

China arrests 12 fleeing HK by speedboat; Police sift the past to find crimes

Hong Kong media exec says HSBC accounts frozen after arrest

Hong Kong activist Joshua Wong reveals fear of arrest









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.