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May 25, 2016 / 17 Iyar, 5776

Posts Tagged ‘Export’

Iranian Oil Production Rises in July

Tuesday, August 11th, 2015

Iranian crude oil production rose to 3.13 million barrels per day in July.

The hike brought Iran’s oil production to its highest level in two years, according to the monthly report by the Organization of Petroleum Exporting Countries (OPEC). The figure was an increase of six tenths of a percent from the previous month.

According to the OPEC accountant, however, Iranian oil production was actually at 2.86 million bpd – still a healthy increase of 1.1 percent over June.

Iran’s pre-sanction production was at 3.6 million bpd of crude oil.

Iran was among the 12 OPEC members contributing to overall gains in production last month, said OPEC, which reported that crude oil prices dropped by at least $10 per barrel.

The organization blamed “the outcome of the P5+1 talks on Iran’s nuclear program” as well as financial concerns in Greece and China for the market conditions.

In January, Mohsen Rezaei, secretary of Iran’s Expediency Council said that exports had dropped by 1.5 million barrels per day (bpd), pulling out more than $100 billion in lost revenue from the country due to the sanctions.

Under the terms of a November 2013 agreement, Iran is allowed to export some oil in exchange for its commitment to restrict some of its nuclear research activities, UPI noted in a report on Tuesday.

More to the point, the newly-signed nuclear agreement between Iran and the U.S.-led delegation of world powers has begun to lead numerous global energy firms, from Royal Dutch Shell to Italy’s Eni, to visit with an eye toward reviewing potential business opportunities with the Islamic Republic.

Last December, Iran was already producing just under 2.8 million bpd, about 20 percent less than its production levels in 2011.

At present, however, Iran is limited to exporting approximately one million bpd, and to six nations, under the terms of existing sanctions.

Hana Levi Julian

News for Israel: Boeing Sells Data, Drawings to Iran

Thursday, October 23rd, 2014

For the first time since the 1979 Islamic Revolution, Boeing Aerospace and Defense has made a sale to Iran.

The Chicago-based firm announced sales of some $120,000 to Iran that included aircraft manuals, drawings, navigation charts and data.

The items were sold to Iran Air, allegedly to “help improve the safety of Iran’s civil aviation industry,” according to Reuters.

The fact that any American aerospace and defense firm is being allowed to do business with Iran signals a sea change in the United States attitude that does not bode well for the Middle East.

According to the report, both Boeing and General Electric were given permission in April of this year by the U.S. Office of Foreign Assets Control to export parts for commercial aircraft to Iran, under a temporary sanctions relief deal.

Boeing did not indicate whether it had sold parts prior to the current sale, nor whether it planned to sell parts in the future, and declined further comment, the news agency said.

The firm made a net profit of approximately $12,000 in the third quarter on the sale to Iran. Boeing’s total sales for the quarter were reported at $23.7 billion.

Prior U.S. administrations worked tirelessly to persuade the international community to impose heavy sanctions on Iran to force Tehran to curtail its nuclear development activities.

There have been updated, repeated reports from Israeli intelligence warning that Iran is rapidly approaching the nuclear threshold, where a small step will take Tehran into the world of weapons of mass destruction. Alongside those warnings, the Iranian regime itself has stated firmly that it has no intention of slowing down – let alone stopping – its nuclear development program.

And in past years Iranian leaders have made it equally clear they have placed Israel squarely in the cross-hairs for future annihilation.

So what conclusions should Israel’s government draw from Boeing’s latest announcement?

Hana Levi Julian

No Turkish Delight for Israeli Energy

Tuesday, September 9th, 2014

Turkey is not going to be signing any deals for Israeli natural gas exports any time soon – at least, according to a statement by Turkish Energy Minister Taner Yildiz.

The Turkish energy mogul said Tuesday that Ankara was unlikely to approve construction of a gas pipeline from Israel to Turkey. Yildiz blamed the sour relations with Israel on the Jewish State’s counter terror Operation Protective Edge this summer against Hamas and allied terrorists. The operation was carried out to silence the incessant, deadly rocket fire being aimed at Israeli civilian families in the southern part of the country.

Jordan, however, has just concluded a deal to import natural gas from Israel over the next 15 years, at a cost of some $15 billion.

The massive Leviathan natural gas field discovered beneath the waters of the Mediterranean, off the northern coast of Israel, turned the Jewish State into a regional energy exporter practically overnight. Talks between the Leviathan consortium and Turkish counterparts subsequently had been taking place quietly over the past year, but politics sabotaged any deals that might otherwise have come to fruition.

“For energy projects to proceed, the human tragedy in Gaza will have to be stopped and Israel will have to instate a permanent peace there with all elements,” Yildiz told reporters in Ankara. “It is out of question to proceed on any energy project unless a permanent peace is established, with contribution from all sides and with necessary conditions. A human tragedy unfolded (in Gaza); it is all too easily forgotten.”

Relations between Turkey and Israel have been limping since 2006, when the number of attacks from Gaza escalated sharply. Israel was forced at the time into launching a maritime and overland blockade of Gaza when Hamas and allied terrorists carried out a cross-border attack and abducting an IDF soldier. In that attack, two other soldiers were killed and a third was critically wounded.

Turkey’s President Recep Tayyip Erdogan and his ruling AKP party have long been strong supporters of the Muslim Brotherhood — which spawned the Hamas terrorist organization that rules Gaza. Likewise, Erdogan and Turkey continue to defend actions by Hamas, regardless of the consequences.

Jewish Press Staff

Big in Japan

Friday, May 9th, 2014

Prime Minister Bibi Netanyahu will be traveling to Japan on Saturday evening for a four day meeting to discuss increasing economic and diplomatic cooperation.

During the meeting, Netanyahu will meet the emperor and empress of Japan, as well as the Japan’s prime minister, Shinzo Abo.

Its expected that in 2014 the Asian market became Israel’s 2nd largest export partner, knocking the US down a notch.

Israel’s exports to Japan stand at $1.1 billion, and its imports at $1.5 billion. According to a Jerusalem Post report, there is a tremendous amount of room for increased trade with Japan.

Trade with Asia is nothing new for Israel. The Far East has been a trade partner with Israel going back 3000 years.

Domo arigato gozaimasu.

Shalom Bear

Tshuva To Export 20% of “Tamar” Gas Field to Egypt

Tuesday, May 6th, 2014

Yitzchak Tshuva plans to sell 20% of the gas drilled from the “Tamar” gas field to Egpyt, according to a report in Calcalist.

Letters of understandings were signed, and official contracts are expected to be signed in six months.

This is the first export agreement with Egypt, and follows the export agreement signed a few months ago with Jordan.

Egypt is to receive 4.5 BCM (billion cubic meters) each year for 15 years. The deal is valued at 1.1 to 1.3 billion dollars a year for a total of around $20 billion dollars.

The “Tamar” gas field holds an estimated 320 BCM and is owned by Noble Energy (36%), Delek and Avner Drilling (31.25%), Isramco (28.7%) and Dor Gas (4%).

Shalom Bear

Printed from: http://www.jewishpress.com/news/breaking-news/tshuva-to-export-20-of-tamar-gas-field-to-egypt/2014/05/06/

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