South Korea resumes Iranian oil supplies

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posted on Aug, 8 2012 @ 10:16 AM
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Well it looks like these sanctions/embargos against Iran may not be as effective as the West and their allies would have hoped. South Korea has gone ahead and joined various other countries that have decided to ignore these sanctions and embargos, good for you South Korea



TeSouth Korea, the fourth largest importer of Iranian crude, plans to resume purchases after a two-month pause due to a European Union embargo.
­
South Korean refiners and the National Iranian Tanker Company (NITC) are negotiating the details of a deal, which would allow supplies to restart from September, Reuters reported citing government sources. Tehran offered to deliver crude in its own tankers and provide up to $1 billion shipment insurance cover.
SK Energy and Hyundai Oilbank – the only two South Korean refiners that import Iranian crude, have confirmed that they are involved in negotiations with NITC. Though it’s unclear whether Iran had offered South Korea a discount for crude.

South Korea, India, Japan and China are the biggest importers of Iranian crude, accounting for more than half of its oil exports. In May, Seoul announced it would halt crude import from the Islamic Republic, becoming the first major importer of Iranian oil to give up supplies due to the EU sanctions.

EU sanctions banning Iranian oil as well as insurance affect Asian customers as they rely on EU companies to insure their shipments. Nearly 90% of the world’s tanker fleets are covered by 13 international P&I clubs from the EU.

rt.com...


Let's just hope Uncle Sam doesn't decide to South Korea's bank accounts like they did with China and some of their financial institutions.

China slams new US-Iran sanctions as 'serious violation of intl rules'


Furthermore, Congress has agreed on a final sanctions package that will crack down on institutions that ship or insure Iranian cargo. The Senate is expected to vote on the sanctions before the end of the week.

The new penalties sparked a sharp reaction from China who said the US sanctioning of their banks would lead to a worsening of bilateral corporation between the two countries.

"The U.S. has invoked domestic law to impose sanctions on a Chinese financial institution, and this is a serious violation of international rules that harms Chinese interests," Chinese Foreign Ministry spokesman Qin Gang said in a statement.

www.rt.com...



The first article in my OP explains that Japan is going to insure Iranian tankers and their cargo, so is the United States going to go after Japan now too


I guess being a world wide bully can only work for so long before it backfires. I'm anticipating an announcement from the White House condemning these actions


Japan and South Korea are not supporters of "terror"
edit on 8-8-2012 by Corruption Exposed because: link




posted on Aug, 8 2012 @ 10:20 AM
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The relationships between the US, South Korea and Japan are well established.

I think you are being overly presumptuous is believing that South Korea and Japan are doing this regardless of the US wishes.

I would not be surprised if this is a ploy to filter out cheap crude from the area, once again using proxies.

If Japan and South Korea can get cheap, well insured crude oil, they can in turn sell it to the US
When and If this begins it would be interesting to trace who the end-user of the oil is....

S&F thanks for bringing these articles up.
edit on 8-8-2012 by MDDoxs because: (no reason given)

edit on 8-8-2012 by MDDoxs because: (no reason given)



The treaty's provisions eliminate 95% of each nation's tariffs on goods within five years, and also create new protections for multinational financial services and other firms.[2] The treaty would be the United States' first free trade agreement (FTA) with a major Asian economy and its largest trade deal since the controversial North American Free Trade Agreement (NAFTA) in 1993. For South Korea, this will be the second largest FTA following the one signed with the European Union,[6] dwarfing those signed in recent years with Chile, Singapore, the European Free Trade Area and the Association of Southeast Asian Nations (ASEAN).[7]


Source

Seems logical will practically free trade
edit on 8-8-2012 by MDDoxs because: Sorry for edits..



posted on Aug, 8 2012 @ 10:27 AM
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S.Koreans and US are Ally's .....why South Korea takes this kind of tough decision...



posted on Aug, 8 2012 @ 10:30 AM
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This is actually very interesting, it is to be expected that China would not give a damn about America's sanctions, they will do as they please. But both South Korea and Japan are highly tied to to the US, so them both getting involved with Iranian oil is quite a public slap in the face for the USA.

Maybe this is more of an indication of how much America's influence in waning in the world, probably because everyone knows the American economy is going to tank big time, and once America stops spending its influence will die down completely, money talks, unless that money is printed on worthless paper and treated with the same respect as monopoly money



posted on Aug, 8 2012 @ 10:43 AM
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It's a chess game. Pieces are moving and only a select few know what is happening.

Funny everyone wants to see the US fail. Well so be it. Let the worlds largest economy fail.. that'll teach us... or all of us. Wouldn't it be neat to see a global depression? Man just think how peaceful that will be. Once the gov't can take over in broad daylight instead of hiding in the weeds it will surely be fun.



posted on Aug, 8 2012 @ 10:49 AM
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Originally posted by moderateAmerican
It's a chess game. Pieces are moving and only a select few know what is happening.

Funny everyone wants to see the US fail. Well so be it. Let the worlds largest economy fail.. that'll teach us... or all of us. Wouldn't it be neat to see a global depression? Man just think how peaceful that will be. Once the gov't can take over in broad daylight instead of hiding in the weeds it will surely be fun.


It is a chess game that very few actually know what is going on behind the scenes but your interpretation of this thread seems a bit off, it appears that you are portraying the aggressor as the victim.

No one wants to see the US fail, we just want them to stop bullying the world while they stand on falsley fabricated moral high ground while they point the finger at whomever they please.

Actually, no one in this thread has said that they want to see the US economy fail, if so please point it out because I must have missed it. Me being a Canadian, would suffer greatly if the American economy failed.



posted on Aug, 8 2012 @ 11:08 AM
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I so wish the us would pull all our troops out of every country.

Close all the bases get all of our equipment back in the states.

Then tell the world to take care of there self.I know damn well if there was

a disaster in the us no one would help us but they expect the us to help

every one else.South Korea is a prime example of how they support us.

So America should tell them to defend them self.We should let North Korea

take over the south and say the hell with it



posted on Aug, 8 2012 @ 01:01 PM
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reply to post by MDDoxs
 


What you say is true, but you miss a very important part of the whole issue.

This is not about bringing Iran down, nor stopping it from being a oil distributor or something like that. The whole point of the sanctions was to apply pressure and stop Iran from having the resources ($) it needs to continue with their nuclear ambitions.

Some people are on the side of the argument that Iran does not want nuclear warheads, and is just going for nuclear energy. They have their reasons to believe that.

Another group of people, in which you can insert several western governments and Israel, believe that Iran is not only developing nuclear fuel for nuclear energy, but is also trying to weaponize it. They also have their own reasons to believe that.

I'm not going to elaborate on that, because without participating in any of it, I've noticed this debate is quite heated and can lead to very unpleasant discussions and accusations from both sides. BUT, we can stick to facts.

And the facts here are based on intentions. The U.S. and it's allies decided to punish Iran with sanctions and embargo's to stop Iran from having money to continue whatever they are planing to do with nuclear technology. Wether that objective is rightful or not is beyond my point, but if you want to achieve that goal, all participants must cooperate or the effort will simply be in vain.

If the sanctions are made to stop Iran from reaching a goal, and other countries (being allied or not) start or re-start making business trades with Iran, then that compromises the whole plan put forward by western powers.

Wether or not it's true Iran is going after nuclear weapons, South Korea just jeopardized the whole plan to stop them. That's the real issue here. And if an allied of the U.S. ignores sanctions enforced by them, then it's like opening a pandora box for other countries, that aren't as friendly to U.S. as South Korea, to continue business relationships with Iran and just ignore the sanctions part.

This sounds good, but it isn't. Sanctions (again, wether being just or not) are supposed to have an effect, a punishment effect. But although it's a punishment, it's still a diplomatic one.

If this fails, it can actually open the door for a military confrontation with Iran. And I actually wonder if the U.S. navy will allow this shipments to pass, and not enforce the sanctions...



posted on Aug, 8 2012 @ 01:14 PM
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reply to post by GarrusVasNormandy
 


everyone seems to forget that Iraan has its own central bank and is backed by real gold TPTB dont accept this. This isnt about Iran really having nuclear weapons.



posted on Aug, 8 2012 @ 01:19 PM
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reply to post by chapterhouse
 


Actually, it is.

That's one of the problems with people solving problems in society. People want to out-smart everyone else with theories, culprits and all those details that make a horrible background noise to any discussion.

You may believe that "TPTB" don't want Iran to have economic strength, you may even believe that is about oil or other hidden agenda.

But the fact remains. This is about nuclear weapons. They (UN) are not saying that the problem is with a hidden cult pulling the strings and not wanting Iran to be powerful. They are saying that Iran might be trying to achieve nuclear weapons.

That's what their actions are producing, that's what they are going after, either it being a lie or not.

We can all day-dream about conspiracy theories, but in the end, while giving any scenario a margin of possibility, you still have to face what people say. That's how you catch a liar, if they are lying about their intentions.



posted on Aug, 8 2012 @ 04:03 PM
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it is not the 18th century all nations need each other.



posted on Aug, 8 2012 @ 09:30 PM
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Originally posted by GarrusVasNormandy
reply to post by chapterhouse
 


Actually, it is.

That's one of the problems with people solving problems in society. People want to out-smart everyone else with theories, culprits and all those details that make a horrible background noise to any discussion.

You may believe that "TPTB" don't want Iran to have economic strength, you may even believe that is about oil or other hidden agenda.

But the fact remains. This is about nuclear weapons. They (UN) are not saying that the problem is with a hidden cult pulling the strings and not wanting Iran to be powerful. They are saying that Iran might be trying to achieve nuclear weapons.

That's what their actions are producing, that's what they are going after, either it being a lie or not.

We can all day-dream about conspiracy theories, but in the end, while giving any scenario a margin of possibility, you still have to face what people say. That's how you catch a liar, if they are lying about their intentions.


There is no credible evidence that Iran is trying to get nuclear weapons. Everything they are doing is allowed by the NPT.



posted on Aug, 8 2012 @ 11:34 PM
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This is about SK buying Irans oil.....not about US bashing.
.I wonder who owns those. oil refineries??
Exxon?Shell?Texaco?
You can be sure it isnt SK investors..........Cheap oil?
YouBet!



posted on Aug, 9 2012 @ 12:08 AM
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Originally posted by buster2010

Originally posted by GarrusVasNormandy
reply to post by chapterhouse
 


Actually, it is.

That's one of the problems with people solving problems in society. People want to out-smart everyone else with theories, culprits and all those details that make a horrible background noise to any discussion.

You may believe that "TPTB" don't want Iran to have economic strength, you may even believe that is about oil or other hidden agenda.

But the fact remains. This is about nuclear weapons. They (UN) are not saying that the problem is with a hidden cult pulling the strings and not wanting Iran to be powerful. They are saying that Iran might be trying to achieve nuclear weapons.

That's what their actions are producing, that's what they are going after, either it being a lie or not.

We can all day-dream about conspiracy theories, but in the end, while giving any scenario a margin of possibility, you still have to face what people say. That's how you catch a liar, if they are lying about their intentions.


There is no credible evidence that Iran is trying to get nuclear weapons. Everything they are doing is allowed by the NPT.



Ummmm no sorry, wrong.

UN nuclear inspectors declare Iran mission a disappointment

International Atomic Energy Agency team blocked by authorities in Tehran from visiting suspect site.

You need to do more understanding.

Buster.



posted on Aug, 9 2012 @ 01:59 AM
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reply to post by morethanyou
 


Yeah, because not allowing inspectors to go where they want proves you have/want WMD, Iraq proved that! Look at all the WMD found there...



posted on Aug, 9 2012 @ 02:52 AM
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Originally posted by DaesDaemar
reply to post by morethanyou
 


Yeah, because not allowing inspectors to go where they want proves you have/want WMD, Iraq proved that! Look at all the WMD found there...


Saddam wanted the world to think he had weapons, and his own scientists lied to him making it seem they had more than they actually did have. If I hold out a cell phone like a gun and police shoot me that's my fault, can't blame the cop when I intentionally made him think I had a gun. So is what you are saying is that Iran doesn't have WMD ambitions, but wants people to think they do?



posted on Aug, 9 2012 @ 03:18 AM
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reply to post by Corruption Exposed
 


Good on Korea keep up the work and tell the cabal to pee off



posted on Aug, 9 2012 @ 05:00 AM
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Originally posted by DaesDaemar
reply to post by morethanyou
 


Yeah, because not allowing inspectors to go where they want proves you have/want WMD, Iraq proved that! Look at all the WMD found there...


No but not allowing inspectors in does break their agreement with the NPT. Therefore they are susceptible to sanctions.

South Korea buying Iranian oil can cause a big disaster for the stability of Iran.

GarrusVasNormandy makes a very fine point here.. post by GarrusVasNormandy

People need to understand that Iran does not need to be actively or openly or found to be pursuing nuclear weapons for them to break the NPT. This is not the grounds that the UN is using to sanction Iran.

-Alien



posted on Aug, 9 2012 @ 07:33 AM
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reply to post by MDDoxs
 


Yeah.. sounds to me like the US sanctions just got Japan and SK some sweeter deals on Iranian oil.
edit on 9-8-2012 by GogoVicMorrow because: (no reason given)



posted on Aug, 9 2012 @ 08:22 AM
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Originally posted by GarrusVasNormandy
reply to post by MDDoxs
 

This is not about bringing Iran down, nor stopping it from being a oil distributor or something like that. The whole point of the sanctions was to apply pressure and stop Iran from having the resources ($) it needs to continue with their nuclear ambitions.

I wish it was. but Iran has signed NPT and reaching nukes will have bad cosequences for it. if a country wants nukes it should first get out of NPT.
but the main problem is something else. sanctions are not new. it lasts many years ago when USA sanctioned Iran. but nukes is a good excuse to spread the sanctions worldwide. north korea made a nuke and hold it towards USA, what happened! the negotiations are far better than the negotiations between 5+1 and Iran. why? because Iran is in the middle of middle east and near Israel ! this is a good excuse to put pressure on Iran to stop supporting the resistance against the stupid Idea of greater Israel. and now why do they want to go to Syria? because of this. and the 22 and 33 day war of Israel were for what !
the occupied lands (Israel) is a complicated issue. followed by international zhionism, it was made by UK in palstine by the excuse of genocide of jews in EU and now USA is paying for it !
all the neighbours in the middle east (even in other parts of world) have psoblems with this creature, Egypt, Syria, Palestine, Lebanon ..... because Israel has occupied some their lands !
I do not know why they say that Iran is going to nuke bomb Israel. then all of it's allies will be killed as well !

""""The solution of the Islamic Republic to the issue of Palestine and this old wound is a clear and logical proposal that is based on political wisdom accepted by global public opinion and it has been presented in detail previously. We neither propose a classical war with the armies of Islamic countries, nor do we propose throwing Jewish immigrants into the sea or intervention of the United Nations and other international organizations. We propose a referendum among the Palestinian people. Just like any other nation, the Palestinian nation has the right to determine its own destiny and to elect its own government. All the original people of Palestine - including Muslims, Christians and Jews and not foreign immigrants - should take part in a general and orderly referendum and determine the future government of Palestine whether they live inside Palestine or in camps or in any other place. The government that is established after the referendum will determine the destiny of non-Palestinian immigrants who migrated to Palestine in the past. This is a fair and logical proposal which global public opinion understands and it can receive support from independent nations and governments.""""
english.khamenei.ir...


edit on 9-8-2012 by maes2 because: (no reason given)





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