Rouhani: Iran will export crude oil despite US pressure

There has been concerns that a decline Iranian oil exports will tighten markets once US sanctions bite from November. (AFP)
Updated 04 September 2018
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Rouhani: Iran will export crude oil despite US pressure

  • ‘We will continue by all means to both produce and export’ oil
  • It’s unclear, however, how much the US’s allies will cut back on Iranian oil imports

TEHRAN: Iranian President Hassan Rouhani says his country will continue exporting crude oil despite US efforts to stop it through sanctions.
Speaking to a group of oil officials on Tuesday, Rouhani said the US is targeting oil exports as part of efforts to reimpose sanctions on Iran.
“We will continue by all means to both produce and export” oil, Rouhani said in remarks broadcast on state TV. “Oil is in the frontline of confrontation and resistance.”
The US wants to reduce Iran’s oil exports effectively to zero with renewed sanctions in November after pulling out of the nuclear deal between Iran and western powers in May.
It’s unclear, however, how much the US’s allies will cut back on Iranian oil imports.


Lockheed unveils new F-21 fighter jet configured for India

Updated 20 February 2019
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Lockheed unveils new F-21 fighter jet configured for India

  • The firm said the new plane is tailored to India’s needs
  • A number of airplane manufacturers are competing to win India’s upcoming military purchase

NEW DELHI: Lockheed Martin offered India a new combat jet, F-21, on Wednesday to be made locally, in a bid to win a large military order worth over $15 billion.
The US defense firm had earlier offered its F-16 fighter used by countries around the world for the Indian air force’s ongoing competition for 114 planes to be made in India.
But Lockheed, unveiling the plan at an airshow in the southern city of Bengaluru, said it was offering India a new plane configured for its needs.
“The F-21 is different, inside and out,” Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin Aeronautics, said in a statement.
The company will build the plane in collaboration with Tata Advanced Systems, the firm said.
Lockheed is competing with Boeing’s F/A-18, Saab’s Gripen, Dassault Aviation’s Rafale, the Eurofighter Typhoon and a Russian aircraft for the air force order.