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Huge oilfields could help Iran seize Saudi market share in China
Jun 01, 2020 15:34Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimize the oil available to key ally Beijing from any and all of its fields. Principally, this involves optimizing output from the cluster of supergiant fields in the West Karoun Oil Region, attempting to increase the average recovery rate from older fields, and pushing forward on production increases from fields shared with Iraq and Kuwait.
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Despite the siege, Venezuela controls the coronavirus
May 03, 2020 22:31Venezuela is under siege. The USA and its allies unleashed unjust economic sanctions against the country that have resulted in Venezuela unable to sell its oil that is its main source of revenue, and to buy food or medicine in the international market. It has stopped airlines traveling to Venezuela and the country is unable to make financial transactions in international banks. The loss to Venezuela’s economy is calculated at $130 billion and rising.
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Trump’s anti- Iran presidency is doomed to humiliation, disrepute
Apr 01, 2020 08:21US President Donald Trump is desperate to convince the world that Iran is a threat. His talking point is filled with unutterable loathing, as in factual reality Iran is at the forefront of the reason why there is security in the Persian Gulf. Those who disregard this reality suffer the painful consequences.
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US sanctions hamper coronavirus fight in Venezuela
Mar 27, 2020 18:10Venezuela’s economy relied on oil exports to generate the revenue necessary to import goods. With the fall in oil prices came a directed attack on Venezuela by a new round of unilateral and illegal sanctions from the United States. These sanctions prevented oil companies and transportation firms from doing business with Venezuela; international banks seized Venezuela’s holdings in their vaults, including $1.2 billion in gold in the Bank of England, and stopped doing business with Venezuela.
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As coronavirus grips the US, Americans get a taste of life under sanctions
Mar 18, 2020 15:18Across fifty states, Americans are collectively bracing for the incoming COVID-19 pandemic to hit. In the face of the virus, people are resorting to panic buying, stocking up on vital foods and goods, leading to pressing shortages of key products like hand sanitizers, face masks, gloves and paper napkins.
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US sanctions on Iran killing innocent people
Nov 11, 2019 15:56The administration of Donald Trump in its blind policy of economic terrorism against Iran has sanctioned such basic needs as medicine and food.
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Illegal US detention of Iranian scientist
Oct 23, 2019 13:18The US in its so-called human rights reports has frequently criticized judicial convictions in Iran without presenting any substantial proof or well-founded evidence. It has even passed multiple bills at world bodies through deception and exerting influence.
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US sanctions don’t work
Oct 07, 2019 17:32From Iran to Russia and the DPRK, US administrations have long relied on sanctions and threats as a preferred weapon against these countries.
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Maximum pressure yields economic prosperity for Iran
Aug 06, 2019 12:34The US policy of economic terrorism against the Islamic Republic is actually a blessing in disguise for the country as is evident by development and flourishing of various domestic industries that greatly reduces dependence on foreigners and saves billions of dollars in hard currency.