Iran is sending oil to Europe again. Oil Tanker. Illustrative. Photo Courtesy of U.S. Navy. Photo by Mass Communication 2nd Class Nathan Schaeffer
For the first time in four years, Iran is officially shipping oil to Europe for sales. The revival of the oil sales—a key part of Iran’s economy—is due to the removal of sanctions on Iran in the wake of the nuclear deal signed with the major world powers last year. Fars News Agency, citing a post to Instagram by an Iranian official in the Foreign Ministry, reported that more shipments would come after the initial cargo to Europe of 4 million barrels.
The goal, according to Director General for Political and International Affairs Hamid Baeidinejad, is 1.5 million barrels of oil to Europe per day. And the group insuring the ships going to Europe is American, according to Fars. It’s a whole new world with Iranian sanctions crumbling—and that will give Iran more money to spend on weapons, wars in the Middle East, and terrorism. And Iran isn’t stopping here, with plans to put out even more oil.
A separate article from Fars, citing the managing director of the National Iranian Oil Company in comments to Shana news agency, said they intend to increase production by 700,000 barrels per day. That’s an increase of just under 15% from what they’re doing now.
That will give Iran even more funds to spend on dastardly plans—which was one of the greatest concerns from Israel in the time leading up to the nuclear pact between Iran and the world powers.
(By Joshua Spurlock, www.themideastupdate.com, February 20, 2016)