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South Africa's oil imports from Iran surge defying US-led embargoes
LoP Guest
lop guest
User ID: 88222
04-04-2012 01:58 PM

 



Post: #1
South Africa's oil imports from Iran surge defying US-led embargoes
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South Africa has increased its crude imports from Iran to USD 364 million in February, up from zero in the previous month, firmly ignoring the US-led oil embargo on the Islamic Republic, an official report says.

South Africa’s Revenue Service revealed on Monday that the country imported 417,000 tons of Iranian crude in February, indicating a dramatic change of a declining trend seen since October, when the country last imported 467,000 tons of the commodity, according to Reuters.

In January, trade and customs figures showed that South Africa’s crude imports from Iran stood at zero, compared with a monthly average of USD 280 million last year.

The US and the European Union have imposed financial and oil sanctions against Iran since the beginning of 2012, in persisting efforts to halt the Islamic Republic's increasingly self-sufficient nuclear energy program.

Meanwhile, US President Barack Obama gave a green light last week to further sanctions against foreign banks and other financial institutions by or through which Iran’s oil is purchased.

He claimed that there is enough oil on the global market to ensure that the move will not trigger an oil shock affecting US consumers.

Iran has rejected the Western and Israeli allegations that its nuclear energy program involves non-civilian diversions, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has every right to use nuclear technology for peaceful purposes.

http://www.presstv.ir/detail/234331.html
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SlowLoris
Owner of a Simple Mind
User ID: 65025
04-04-2012 02:41 PM

Posts: 6,969



Post: #2
RE: South Africa's oil imports from Iran surge defying US-led embargoes
My question would be, Are they paying for the oil in US Dollars?

The BRICS countries met last month to discuss that and their plans for implementing their own IMF clone bank.

For those who don't know BRICS stands for Brazil, Russia, India, China and South Africa.

[Image: 51a2c3a2a03f8.jpeg]
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LoP Guest
lop guest
User ID: 88235
04-04-2012 03:43 PM

 



Post: #3
RE: South Africa's oil imports from Iran surge defying US-led embargoes
So you are sayin we are going to war with South Africa? Was it yesterday or the day before that I read USMC had boots on the ground there?
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LoP Guest
lop guest
User ID: 14880
04-04-2012 03:49 PM

 



Post: #4
RE: South Africa's oil imports from Iran surge defying US-led embargoes
Well, Shell, who is controlling a big part of Iranian oil fields, need to make money somehow...

chuckle
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LoP Guest
lop guest
User ID: 87650
04-04-2012 04:05 PM

 



Post: #5
RE: South Africa's oil imports from Iran surge defying US-led embargoes
Oijrdipp .

Like I said before, the most hurt by this will be the EU. It was a stupid decision.
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SlowLoris
Owner of a Simple Mind
User ID: 65025
04-04-2012 04:52 PM

Posts: 6,969



Post: #6
RE: South Africa's oil imports from Iran surge defying US-led embargoes
LoP Guest  Wrote: (04-04-2012 04:05 PM)
Oijrdipp .

Like I said before, the most hurt by this will be the EU. It was a stupid decision.

Agreed the EU will indeed suffer, but the crazed madmen in charge of the US do not give a flying F for the folks who live in the EU.

[Image: 51a2c3a2a03f8.jpeg]
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LoP Guest
lop guest
User ID: 88248
04-04-2012 05:03 PM

 



Post: #7
RE: South Africa's oil imports from Iran surge defying US-led embargoes
Obamaz so called EMBARGO of Iran has been a huge boom for their economy.
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LoP Guest
lop guest
User ID: 88248
04-04-2012 05:04 PM

 



Post: #8
RE: South Africa's oil imports from Iran surge defying US-led embargoes
LoP Guest  Wrote: (04-04-2012 04:05 PM)
Oijrdipp .

Like I said before, the most hurt by this will be the EU. It was a stupid decision.

Well, if it will hurt the Eeewwwww that can't be but so bad.
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LoP Guest
lop guest
User ID: 88248
04-04-2012 05:05 PM

 



Post: #9
RE: South Africa's oil imports from Iran surge defying US-led embargoes
Just2Laws  Wrote: (04-04-2012 02:41 PM)
My question would be, Are they paying for the oil in US Dollars?

The BRICS countries met last month to discuss that and their plans for implementing their own IMF clone bank.

For those who don't know BRICS stands for Brazil, Russia, India, China and South Africa.
Iran is taking Gold
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LoP Guest
lop guest
User ID: 66931
04-04-2012 05:05 PM

 



Post: #10
RE: South Africa's oil imports from Iran surge defying US-led embargoes
Those crazy white people...Rofl
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LoP Guest
lop guest
User ID: 88235
04-04-2012 05:07 PM

 



Post: #11
RE: South Africa's oil imports from Iran surge defying US-led embargoes
LoP Guest  Wrote: (04-04-2012 05:03 PM)
Obamaz so called EMBARGO of Iran has been a huge boom for their economy.

Sure is, not sure how long OPEC will last. Moving around paying in dollar and blood for oil is getting old. Maybe we can just get a big discount on all those solar panels now!Lmao
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