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Iran Seeks to Bypass Oil Curbs Using Fuel Exporters, Mehr Says

Bloomberg -- An association of Iranian oil-products exporters will help the government bypass European Union sanctions on Iran’s crude and ship as much as 500,000 barrels a day, state-run Mehr news agency reported.

Iran’s central bank and Oil Ministry signed an agreement with the Iranian Oil, Gas & Petrochemical Products Exporters’ Association, said Hassan Khosrojerdi, the head of the exporters’ group, according to the report yesterday. Khosrojerdi said the arrangement would enable Iran to sell crude to European buyers, though he gave no details about how such sales would occur given the EU embargo that took effect July 1.

Officials will sign a contract this week for the group’s first shipment, he said, according to Mehr. The exporters have reached an agreement to supply some crude to privately

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Submitted Jul 08, 2012 By: WxVette

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Jul 11, 2012 4:56:11 AM Ignore honda0105 Report Abuse whatever... we are paying too much attention to Iran and diverting attention from areas that need our attention much more.
jerej829 Champion Author Memphis Posts:2,841 Points:690,940 Joined:May 2011	Message Posted: Jul 9, 2012 10:08:56 PM Ignore jerej829 Report Abuse ok
sparky808 Champion Author Honolulu Posts:2,986 Points:595,785 Joined:Sep 2011	Message Posted: Jul 9, 2012 10:29:09 AM Ignore sparky808 Report Abuse Thank you for posting.
naiiawah Champion Author Boise Posts:2,375 Points:687,050 Joined:Mar 2011	Message Posted: Jul 8, 2012 10:07:59 PM Ignore naiiawah Report Abuse Like this wasn't expected.
lgwhitlock Champion Author Chico Posts:7,370 Points:1,682,570 Joined:Jun 2008	Message Posted: Jul 8, 2012 10:00:54 PM Ignore lgwhitlock Report Abuse Iran will keep trying to find ways around the embargo, that is all part of the game. The real question is can we bring enough pressure to get them to give up their enrichment program. Something tells me it is doubtful...
TFowler513 Champion Author Memphis Posts:3,824 Points:1,411,485 Joined:Mar 2008	Message Posted: Jul 8, 2012 9:43:53 PM Ignore TFowler513 Report Abuse It's only a matter of time before it all lights up!!!
bvrbill Champion Author Eugene Posts:3,199 Points:515,825 Joined:Jul 2011	Message Posted: Jul 8, 2012 9:37:35 PM Ignore bvrbill Report Abuse Let's keep the pressure on them.
METEOR49 Champion Author Ontario Posts:2,157 Points:452,300 Joined:Apr 2011	Message Posted: Jul 8, 2012 9:24:23 PM Ignore METEOR49 Report Abuse the iranian leadership is certifiably insane. i'm surprised no one has taken them out .
rahcat Champion Author Grand Rapids Posts:2,458 Points:660,250 Joined:Jan 2010	Message Posted: Jul 8, 2012 9:21:56 PM Ignore rahcat Report Abuse One well placed cruise missile......problem solved.
crreed1 Champion Author West Virginia Posts:1,975 Points:2,524,385 Joined:May 2005	Message Posted: Jul 8, 2012 9:18:35 PM Ignore crreed1 Report Abuse ok
KrsnaDragon Champion Author Montreal Posts:2,397 Points:528,600 Joined:Nov 2011	Message Posted: Jul 8, 2012 9:17:58 PM Ignore KrsnaDragon Report Abuse Lol, 'Some "minor" discounts...'!
ican2step Champion Author Pittsburgh Posts:1,676 Points:425,675 Joined:Feb 2012	Message Posted: Jul 8, 2012 9:15:49 PM Ignore ican2step Report Abuse F&%@ Iran. Do NOT forget they held US citizens hostage. And YES 30+ years later I still hold a grudge, because they HAVE NOT CHANGED!
12766 Champion Author New York Posts:2,433 Points:1,481,365 Joined:Oct 2008	Message Posted: Jul 8, 2012 9:12:02 PM Ignore 12766 Report Abuse ok
judgemobile Champion Author Ohio Posts:7,560 Points:2,443,185 Joined:Nov 2005	Message Posted: Jul 8, 2012 9:11:06 PM Ignore judgemobile Report Abuse once again our narcicist in chief would rather bow down to his fellow Muslims in Iran than do the right thing, and once again it falls to Israel to save our sorry butts. GOD help us if this commie is re-elected and we become the United SOCIALIST States of America.
camel1 Champion Author Minnesota Posts:8,260 Points:2,264,665 Joined:Jul 2006	Message Posted: Jul 8, 2012 9:10:58 PM Ignore camel1 Report Abuse They will try to circumvent the embargo. It is only natural to try it.
bluegrasser1 Champion Author Richmond Posts:15,923 Points:2,613,670 Joined:Sep 2005	Message Posted: Jul 8, 2012 9:09:47 PM Ignore bluegrasser1 Report Abuse ok
joel27nc Champion Author Raleigh Posts:10,527 Points:1,856,420 Joined:Mar 2008	Message Posted: Jul 8, 2012 9:08:05 PM Ignore joel27nc Report Abuse what can you do?
Blue_Cruzer Champion Author Lexington Posts:7,505 Points:1,666,660 Joined:Mar 2007	Message Posted: Jul 8, 2012 9:06:56 PM Ignore Blue_Cruzer Report Abuse More ways than one, to skin a cat.
jimgraham Champion Author Akron Posts:10,360 Points:1,977,220 Joined:Oct 2007	Message Posted: Jul 8, 2012 9:06:44 PM Ignore jimgraham Report Abuse Where there is a will, there is a way.
granitestater Champion Author New Hampshire Posts:8,812 Points:1,428,800 Joined:Oct 2008	Message Posted: Jul 8, 2012 9:06:17 PM Ignore granitestater Report Abuse waste of time...
TheSicilian Champion Author Jacksonville Posts:5,364 Points:1,467,575 Joined:Feb 2009	Message Posted: Jul 8, 2012 9:05:43 PM Ignore TheSicilian Report Abuse I bet they want to
jetskijerry Champion Author North Carolina Posts:3,886 Points:770,320 Joined:Mar 2011	Message Posted: Jul 8, 2012 9:05:25 PM Ignore jetskijerry Report Abuse There's always a way when money changes hands
egd Champion Author Twin Cities Posts:8,083 Points:2,117,325 Joined:Mar 2005	Message Posted: Jul 8, 2012 9:04:47 PM Ignore egd Report Abuse good luck
SavALot Champion Author Virginia Beach Posts:8,459 Points:1,708,910 Joined:Apr 2005	Message Posted: Jul 8, 2012 9:03:53 PM Ignore SavALot Report Abuse Any way to get out of sanctions and embargos
FuelOilOH Champion Author Cleveland Posts:2,837 Points:1,180,220 Joined:Oct 2007	Message Posted: Jul 8, 2012 8:59:29 PM Ignore FuelOilOH Report Abuse Where there's a will there's a way.
da_bears22 Veteran Author Chicago Posts:391 Points:1,245,130 Joined:Nov 2005	Message Posted: Jul 8, 2012 8:58:50 PM Ignore da_bears22 Report Abuse Historically international boycotts generally do not achieve their desired effect. This is because of efforts like these and because those in power have the wherewithal to avoid suffering even though those they rule over do suffer.
Tracer2008 All-Star Author Alberta Posts:540 Points:312,445 Joined:Sep 2008	Message Posted: Jul 8, 2012 8:58:06 PM Ignore Tracer2008 Report Abuse Everyone has their price... Some EU country gets offered Iranian oil at a discount they'll take it Helps their bottom line
granitestater Champion Author New Hampshire Posts:8,812 Points:1,428,800 Joined:Oct 2008	Message Posted: Jul 8, 2012 8:55:56 PM Ignore granitestater Report Abuse Just say no...
rozellep2 Sophomore Author Illinois Posts:105 Points:572,450 Joined:Aug 2005	Message Posted: Jul 8, 2012 8:54:46 PM Ignore rozellep2 Report Abuse ok
SparkieMi Champion Author Kalamazoo Posts:3,248 Points:585,500 Joined:Sep 2011	Message Posted: Jul 8, 2012 8:52:58 PM Ignore SparkieMi Report Abuse Interesting....
dabbadu Champion Author New York Posts:1,056 Points:658,755 Joined:Feb 2011	Message Posted: Jul 8, 2012 8:52:47 PM Ignore dabbadu Report Abuse I doubt it'll succeed.
bginsj Champion Author San Jose Posts:1,858 Points:1,232,685 Joined:May 2009	Message Posted: Jul 8, 2012 8:51:59 PM Ignore bginsj Report Abuse interesting
Ethan777OH Veteran Author Ohio Posts:270 Points:25,720 Joined:May 2011	Message Posted: Jul 8, 2012 8:51:14 PM Ignore Ethan777OH Report Abuse ok
AnObserver Champion Author New Jersey Posts:8,344 Points:2,255,830 Joined:Sep 2005	Message Posted: Jul 8, 2012 8:50:25 PM Ignore AnObserver Report Abuse D U H
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,030 Joined:Oct 2008	Message Posted: Jul 8, 2012 8:47:49 PM Ignore LCSTEELERBOB Report Abuse if this happens ,,, who is the winner
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: Jul 8, 2012 8:47:37 PM Ignore jessek Report Abuse I'd call their bluff.
beachmanglen All-Star Author Tampa Posts:674 Points:494,525 Joined:Aug 2011	Message Posted: Jul 8, 2012 8:45:15 PM Ignore beachmanglen Report Abuse The black market works every time.
mdskier Champion Author Maryland Posts:9,930 Points:1,781,635 Joined:Aug 2005	Message Posted: Jul 8, 2012 8:44:12 PM Ignore mdskier Report Abuse Hard to kill a black market.
Tucker1961 Champion Author Seattle Posts:2,157 Points:363,170 Joined:Jun 2009	Message Posted: Jul 8, 2012 8:41:53 PM Ignore Tucker1961 Report Abuse ok
WebGabe Champion Author Pennsylvania Posts:2,354 Points:493,695 Joined:Jun 2007	Message Posted: Jul 8, 2012 8:39:59 PM Ignore WebGabe Report Abuse :/ Where there's a will there's a way...especially with oil.
blazerbob91 Champion Author Milwaukee Posts:6,130 Points:1,880,745 Joined:Aug 2005	Message Posted: Jul 8, 2012 8:39:23 PM Ignore blazerbob91 Report Abuse Blockade their prots
abcdMA Champion Author Worcester Posts:7,912 Points:1,573,030 Joined:Nov 2008	Message Posted: Jul 8, 2012 8:36:00 PM Ignore abcdMA Report Abuse time to expand the embargo
kzrooster Champion Author Kalamazoo Posts:2,370 Points:513,825 Joined:Nov 2011	Message Posted: Jul 8, 2012 8:34:42 PM Ignore kzrooster Report Abuse Intresting.
ramman2012 Champion Author Edmonton Posts:2,318 Points:495,285 Joined:May 2011	Message Posted: Jul 8, 2012 8:34:39 PM Ignore ramman2012 Report Abuse ok.
CVA19 Champion Author Salem Posts:2,393 Points:607,075 Joined:Aug 2011	Message Posted: Jul 8, 2012 8:34:04 PM Ignore CVA19 Report Abuse The under-the-table wheelin' dealin' is on!
CAD69 Champion Author Milwaukee Posts:3,191 Points:843,315 Joined:Nov 2010	Message Posted: Jul 8, 2012 8:33:02 PM Ignore CAD69 Report Abuse we can't control Iran!
Bildawg Champion Author Ohio Posts:1,066 Points:479,470 Joined:Oct 2011	Message Posted: Jul 8, 2012 8:32:07 PM Ignore Bildawg Report Abuse ok
hiwayhauler Sophomore Author Texas Posts:222 Points:323,090 Joined:Dec 2011	Message Posted: Jul 8, 2012 8:22:27 PM Ignore hiwayhauler Report Abuse Im not brain child but I said that they were going to do this as soon and europe hit them with the sanctions, surprised it took them that long. The other way around it is to sell crude to china at a cute rate and let china refine it then jack the price up and sell to us. Or not even refine it and sell us the crude.
SOJ12 Rookie Author Ontario Posts:12 Points:10,570 Joined:Jun 2012	Message Posted: Jul 8, 2012 8:20:50 PM Ignore SOJ12 Report Abuse Greed, pure and simple.
bikerchicklette Champion Author Washington Posts:5,889 Points:1,296,470 Joined:Sep 2005	Message Posted: Jul 8, 2012 8:19:52 PM Ignore bikerchicklette Report Abuse really?