BP PLC says production at its North Sea Rhum gas field, which it co-owns with the Iranian Oil Co., has been suspended to ensure compliance with European Union sanctions against Iran.
The gas field began production in 2005 and is a 50-50 joint venture with Iranian Oil.
The field is capable of producing more »
Continue Reading →Officials said the Japanese government was drafting directives that would order a withdrawal by all companies and nationals from Iran’s crude oil and natural gas sector.
http://www.worldtribune.com/worldtribune/WTARC/2010/ea_japan0982_10_05.asp
Four of Europe’s five biggest oil firms have said that they would wind down their energy investments in Iran.
The U.S. is now trying to convince China to bar its companies from stepping into the vacuum created by the departing European firms, something the Chinese have shown a willingness to do elsewhere, particularly Sudan.
Royal more »
Continue Reading →Petroliam Nasional Bhd (Petronas) has not made any decision to leave Iran although its contract in the Iranian South Pars project has expired, says president/chief executive officer, Shamsul Azhar Abbas.
“At this point in time, there are a couple of opportunities to which I don’t think it is the right time for us more »
Continue Reading →BP is one of 16 international companies that may have violated U.S. sanctions against selling gas to Iran, according to a new report by the Government Accountability Office.
Under the Comprehensive Iran Sanctions, Accountability and Divestment Act signed by President Obama in July 2010, companies or individuals that sell refined petroleum products to more »
Continue Reading →The United States has been committed to the defense of freedom in South Korea for decades–since the end of active combat on the Korean peninsula in 1953. Today, the US has some 28,000 military personnel based in South Korea.
This is to say America “has South Korea’s back.” Recently, when the South Korean warship Cheonanwas sunk more »
Continue Reading →June 08, 2010
By Christopher Holton
It becomes more apparent all the time that Turkey is a foe in the War for the Free World, between the forces of freedom and liberty and the forces of Shariah law and Jihad.
But perhaps the most startling evidence that Turkey is an enemy and not an ally is more »
Continue Reading →April 12, 2010
State Representatives Dan Lederman and Josh Mandel (of South Dakota and Ohio, respectively) appeared on CNBC to discuss their landmark Iran divestment programs. The Center’s Divest Terror Project works with states “to tighten the economic noose” around Iran’s mullahs.
http://www.centerforsecuritypolicy.org/p18361.xml?cat_id=220
