Iran will not comply with US sanctions as they are ‘illegal’: oil minister

Iranian Oil Minister Bijan Zanganeh said on Thursday US sanctions against his country were "fully illegal." (AFP)
Updated 10 January 2019
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Iran will not comply with US sanctions as they are ‘illegal’: oil minister

BAGHDAD:  Iranian Oil Minister Bijan Zanganeh said on Thursday US sanctions against his country were "fully illegal" and Tehran would not comply with them.
"We believe that we should not comply with the illegal sanctions against Iran," Zanganeh told a joint news conference in Baghdad with his Iraqi counterpart, Thamer Al-Ghadhban.
Zanganeh also said Iran would not discuss the volume or destination of its oil exports while it remained under US sanctions.
"We have discussed today how to improve cooperation with Iraq on different aspects, especially on oil issues," Zanganeh said.
Al-Ghadhban, who also said the discussions had touched on energy issues, added that Iraq had not yet reached an agreement with Iran to develop joint oilfields.
He said a decline in global oil prices had stopped and that he expected them to rise gradually.
The Organization of the Petroleum Exporting Countries, of which Iran and Iraq are members, and its Russia-led allies agreed on Dec. 7 to cut output by more than expected, despite pressure from US President Donald Trump to reduce oil prices.
The OPEC deal had hung in the balance on concerns that Iran, whose crude exports have been depleted by US sanctions, would receive no exemption and block the agreement.
Ghadhban said any decision relating to future OPEC cuts would depend on monitoring price developments.

 

 

 


Security tops agenda as Iraqi PM visits Egypt in first foreign trip

Updated 23 March 2019
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Security tops agenda as Iraqi PM visits Egypt in first foreign trip

  • After meeting Egyptian President Abdel Fattah El-Sisi, Abdul Mahdi highlighted “the importance of drying up the sources of terrorism”
  • The visit to Egypt is Abdul Mahdi’s first trip abroad since taking office in October

CAIRO: Iraqi Prime Minister Adel Abdul Mahdi sought Egypt’s support for efforts to tackle extremist militants in the region during a visit to Cairo on Saturday, his first trip abroad since taking office in October.
After meeting Egyptian President Abdel Fattah El-Sisi, Abdul Mahdi highlighted “the importance of drying up the sources of terrorism” and said “cooperation between Egypt and Iraq will be essential for this matter,” according to an official statement.
His comments came as US-backed forces said they had captured Daesh’s last shred of territory in eastern Syria at Baghouz, ending its territorial rule over a self-proclaimed caliphate straddling Syria and Iraq after years of fighting.
Though the defeat ends the group’s grip over the extremist quasi-state that it declared in 2014, it remains a threat.
Some Daesh fighters still hold out in Syria’s remote central desert and in Iraqi cities they have slipped into the shadows, staging sudden shootings or kidnappings and awaiting a chance to rise again.
The United States thinks the group’s leader, Abu Bakr Al-Baghdadi, is in Iraq.
Defeating militants in Egypt’s Sinai Peninsula and restoring security after years of unrest has been a key promise of El-Sisi, the general-turned-president who came to power a year after the military overthrew Islamist President Mohammed Mursi in 2013.
Egypt has fought an insurgency waged by a Daesh affiliate in North Sinai since 2013. Hundreds of members of the security forces have been killed.