Iran to loan Pakistan 80,000 barrels of oil per day

Iran is loaning Pakistan 80,000 barrels of oil a day, it was reported yesterday. The EU and USA have declared an oil embargo on Iran for continuing to develop its nuclear programme, which means it is unable to export as much oil as it wants to. The loan could be seen as Tehran’s attempt to […]

Iran halts oil exports to UK

Iran has stopped exporting crude oil to British and French companies. Acting in response to EU sanctions last month over Tehran’s controversial nuclear programme the Iran oil ministry said it would sell its oil to “new customers.” The European Union will stop importing crude from Iran as of July 1. Tensions rose this weekend with […]

UN happy with Iran nuclear talks

The International Atomic Energy Association, the UN’s nuclear watchdog, said it was pleased with talks held with Iranian officials over the state of its nuclear programme, but admitted there was much work to be done. A team of inspectors have been in Iran since Saturday to address rising fears Tehran has been developing facilities for […]

EU bans Iranian oil imports

European governments today agreed to introduce a ban on all new contracts to import Iranian crude oil, as Tehran refuses to budge on its controversial nuclear programme. Foreign Secretary William Hague said the decision demonstrated the EU’s growing concern about Iran’s nuclear programme: “It is action made necessary by Iran’s defiance of six UN Security […]

Iran test uranium enrichment plant say reports

International reports have claimed that Iran has begun the enrichment of Uranium at a plant inside a heavily-fortified mountain, near the Shi’ite holy city of Qom. Iranian diplomats told the International Atomic Energy Agency (IAEA) in Vienna the plant at the underground Fordo plant has started operations. Iran say it plans to produce 20% pure […]