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Pedro Gonçalves

Iran revolutionary guards commander becomes new president of Opec | World news | guardi... - 0 views

www.guardian.co.uk/...president-revolutionary-guards

Iran OPEC Oil

shared by Pedro Gonçalves on 04 Aug 11 - No Cached
  • Ali Motahari, a prominent conservative MP who has previously threatened to impeach Ahmadinejad, spoke out against the involvement of the revolutionary guards in Iran's politics."The integration of the guard, as a military force, in political and economic power is not in the interests of the system," Motahari told the parliament. "In neighboring countries, military officials are distancing themselves from politics and power, while it's the opposite in Iran."
  • The appointment of Ghasemi as Iran's oil minister automatically makes him the head of Opec which has a crucial role in determining oil prices.As its second-largest crude oil exporter, Iran took the presidency of Opec after 36 years last October and Ghasemi's position will give the revolutionary guards a unique opportunity to influence an international organisation.
Pedro Gonçalves

Iran delays missile test, says ready for nuke | Reuters - 0 views

uk.reuters.com/...-missile-idUKL6E7NV00P20111231

Iran Military

shared by Pedro Gonçalves on 31 Dec 11 - No Cached
  • Iran test-fired its surface-to-surface Shahab-3 missile during 2009 exercises. It is thought to be capable of striking Israel and U.S. bases in the Middle East.Washington has expressed concern about Tehran's missiles, which include the Shahab-3 strategic intermediate range ballistic missile with a range of up to 1,000 km (625 miles), the Ghadr-1 with an estimated 1,600 km range and a Shahab-3 variant known as Sajjil-2 with a range of up to 2,400 km
  • The Strait of Hormuz, a crucial route for 40 percent of the world's oil shipment, is in Iran and Oman's territorial waters. However, under international maritime law it is considered as open to international navigation and shutting it down would we seen as an act of war.
  • At its narrowest point, it is 21 miles (34 km) across.
  • ...2 more annotations...
  • Analysts say choking off the strait will hurt Iran's oil-dependent economy, particularly when OPEC member Saudi Arabia has pledged to compensate for any shortages in Iran's crude exports to Europe.Russia and China, Iran's main allies that have protected it from stronger U.N. sanctions, also have no interest in seeing the oil traffic disrupted in the Gulf and favour resolving the nuclear dispute through talks.
  • Iranian media reported that Jalili would write to the European Union's Ashton to express Tehran's readiness for fresh nuclear talks with major powers."Jalili will soon send a letter to Catherine Ashton over the format of negotiations ... then fresh talks will take place with major powers," said Iran's ambassador to Germany Alireza Sheikh Attar, the semi-official Mehr news agency reported.Talks between Iran and the five permanent members of the U.N. Security Council, the United States, Russia, China, Britain and France, plus Germany (P5+1) stalled in January.
Pedro Gonçalves

EU meeting on Iran oil embargo set for January 23 | Reuters - 0 views

uk.reuters.com/...iran-oil-idUKTRE8090P720120110

Iran Oil EU Economy

shared by Pedro Gonçalves on 10 Jan 12 - No Cached
  • Diplomats say the embargo could take several months to start because some EU capitals want a delay to reduce any shocks to their already sluggish economies.EU countries have proposed "grace periods" on existing contracts of between one month and 12 months to allow them to find alternative suppliers before implementing an embargo.Greece, which depends heavily on Iranian crude, is pushing for the longest delay, the diplomats said. Britain, France, the Netherlands and Germany wanted a maximum grace period of three months.
  • Iran is the second largest producer of oil, after Saudi Arabia, among the 12 countries in OPEC, producing around 3.5 million barrels per day.EU countries buy nearly 600,000 barrels per day (bpd) of Iran's 2.6 million bpd in exports, making the bloc collectively the largest market for Iranian crude, rivalling China.The three biggest EU importers have serious debt problems. Greece imports a quarter of its oil from Iran, Italy about 13 percent and Spain nearly 10 percent.
Pedro Gonçalves

Oil price leaps to year's high | Business | guardian.co.uk - 0 views

www.guardian.co.uk/...oil-market-reserves

Energy Oil Alexei Miller Gazprom

shared by Pedro Gonçalves on 11 Jun 09 - Cached
  • The price of oil burst through the $71 a barrel mark today amid revelations that proven reserves had fallen for the first time in 10 years and predictions that the price could eventually hit $250.
  • Kuwait's oil minister, Sheikh Ahmad al-Abdullah al-Sabah, put some of the rise down to signs of recovery in Asia but warned that overall demand was still weaker than last year. Opec would not raise supply at current oil prices but did not rule it out "if it reached $100", he said.
  • Alexei Miller, chairman of the Russian energy group Gazprom, raised the stakes further when he reiterated last year's estimates of $250 a barrel. "This forecast has not become reality yet, given that the [credit] crisis gained momentum and exerted a powerful impact on the global energy market. But does this mean that our forecast was unrealistic? Not at all."
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