World powers back Iran oil exports, remain committed to nuclear deal

09 July, 2018, 07:27 | Author: Donnie King
  • IRAN PRESIDENT Hassan Rouhani and Austrian Chancellor Sebastian Kurz attend a news conference at the

Iran wants world powers to present measures guaranteeing oil revenue and investment into the country despite U.S. sanctions when ministers meet on Friday to save the 2015 nuclear deal, but European states will fall short of its demands, diplomats said.

The foreign companies which do business with Tehran could face sanctions by the United States, making the investors reluctant to follow EU's suggestions to keep their business ties with Tehran.

The Iranian president highlighted the problems that Washington's unilateral withdrawal from the JCPOA has created for the European companies involved in Iranian projects.

"Failure to maintain and implement the deal would not only affect the Iran nuclear issue itself but also cause serious negative impacts on the functioning of the non-proliferation regime as well as on the situation in the Middle East", Wang said. Washington has since told countries they must stop buying the OPEC producer's oil from November, 4 or face financial consequences.

They said they remained committed to the accord and to building up trade and investment links with Iran, including "the continuation of Iran's export of oil and gas" and other energy products.

The Iranian President, Hassan Rohani, believes that the entirety of measures offered by the Europeans, to compensate for the effects of the United States government's withdrawal from Iran's worldwide nuclear programme, have not to date proven satisfactory. "We want to make clear to Iran that it will still gain economic benefits through this agreement".




But in a setback on the eve of the talks, Iran s President Hassan Rouhani told French President Emmanuel Macron that European economic measures now on offer did not go far enough.

Rouhani, who signed the nuclear deal, has been attacked at home by ultra-conservatives, who have denounced his willingness to talk to the West and accused him of hurting the economy. Several major firms - including France's Total and Peugeot, and Russia's Lukoil - have said they are preparing to leave.

The EU, once Iran's biggest oil importer, has vowed to keep the 2015 nuclear deal alive without the United States by trying to keep oil and investment flowing.

The new round of diplomacy has been clouded after security services said they had foiled an alleged plot to bomb a Paris rally by an exiled Iranian opposition group, the People's Mujahedeen of Iran.

The large rally last Saturday attracted several USA politicians, including former NY mayor Rudy Giuliani, now Trump s personal lawyer.

Tehran dismissed it is an orchestrated "false flag ploy", created to discredit Iran and overshadow Rouhani s trip to Europe, and Wednesday summoned the French and Belgian ambassadors and the German charge d affaires in protest.

Recommended:



Popular

Elon Musk shares video of 'kid-size' submarine for Thai cave rescue
Authorities hope to get the team out in the next couple of days before monsoon rains arrive over the weekend. He has told reporters "today is D-Day" with 13 foreign and five Thai divers taking part in the rescue.

Donald Trump's Mar-a-Lago Files Request To Hire Foreign Workers - Again
Donald Trump wants to hire 61 people from overseas to come and work as waiters and cooks at his luxury Mar-a-Lago resort. Since late 2015, Mar-a-Lago has filed 10 separate requests for multiple temporary work visas for foreign employees.

Rajon Rondo AGREES deal to team-up with LeBron James
LeBron James' decision to join the Lakers marked an excellent start to Magic Johnson's plan to turn Los Angeles into a contender. If you thought the biggest move of the National Basketball Association free agency period had already taken place, think again.

Samsung’s texting app apparently sent pictures to people’s contacts without permission
A Samsung representative told The Verge that the company is "aware of the reports " and is "looking into it". He also said the app was displaying some messages as sent, when the other party had not got them.

Neymar believes critics of his Brazil theatrics are trying to 'undermine' him
Japan has now lost in the round of 16 three times and has never reached the World Cup quarterfinals. "It's obvious", Layun said. During the win over Costa Rica in the group stage, Neymar tried to win a penalty by flopping to the ground in the area.

Neymar believes critics of his Brazil theatrics are trying to 'undermine' him
Japan has now lost in the round of 16 three times and has never reached the World Cup quarterfinals. "It's obvious", Layun said. During the win over Costa Rica in the group stage, Neymar tried to win a penalty by flopping to the ground in the area.

Sergio Ramos left in tears after Spain crash out of World Cup
Pique scored via the inside of the post and Ignashevish, whose own goal had given Spain the lead, then sent De Gea the wrong way. Spain starting XI: De Gea; Nacho, Pique, Ramos, Alba, Koke, Busquets, Silva, Isco, Asensio, Costa.

Lebron James Signs 4-Year, $153.3M Deal With Los Angeles Lakers
But while the Cavs and Lakers appear to be the front-runners for James, the Philadelphia 76ers aren't ready to give up the fight. We won't get into that here, but we assume a number of Lakers fans are already deleting some of their old tweets trashing James.

Heat Advisory Issued For Saturday
In some areas, 90-degree temperatures could remain lingering into Friday , he said, noting Saturday then would be the best bet. Low temperatures in some of the major metro areas will struggle to dip below 80 degrees during their peak heat this weekend.

LeBron James, Cavaliers Have 'Good Dialogue' on FA Process, Says Koby Altman
If LeBron remains a Cavalier, the Cavs can trade that 8th-pick player in a month for whatever they can get. The Cavs did not have any indication about James' decision heading into the draft.