The Iranians are about to find a new way to export some of its oil by signing a partnership with another country under economic sanctions. Tehran and Moscow are preparing to conclude an agreement for $ 20 billion for the delivery of 500,000 barrels of Iranian crude per day in Russia – for two to three years – in payment for Russian equipment. Threads – launched in November – would be well advanced, even indicating Reuters Wednesday he left for them to agree on the price of oil.
This agreement, known as the “Oil-for-Goods” in reference to the “Oil-for-Food” program established by the United Nations in the 1990s to prevent the Iraqis suffer (too) sanctions against the regime of Saddam Hussein, would be a real snub to Washington and Brussels. Indeed, the Iranian oil embargo is in Western, while Russians close to power are denied access to the international banking system since the annexation of the Crimea. Already in January, while rumors circulated around such an agreement, the White House had expressed its “great concern”. And indicated that it might undermine the ongoing negotiations with Iran on the nuclear issue.
Why the Islamic Republic, which has resumed its dialogue with the international community, would it take the risk of any collapse? “Everything is related to the effects of economic sanctions,” said Mohammad-Reza Djalili, Honorary Professor at the Graduate Institute of International and Development Studies in Geneva. And it pointed out that, since hardening in 2012, exports of Iranian crude oil fell 1 million barrels per day. Against nearly 6 million before the 1979 Islamic Revolution.
Economically asphyxiated and private access to the channels of the dollar, Iran today just as much need of an agreement with the major powers “to quickly sell its oil on world markets,” said the specialist. “She already trading with China and agreed to be paid in rupees Indians and gold by the Turks, says he. But this is not enough. “The most optimistic forecasts indicate a growth of just 1% this year, he notes again.
For their part, the Russians, who are not related to sanctions against the Iranian oil, see the agreement as a way to buy cheap crude for domestic consumption. This then allows them to sell their own produce, Europeans, for example, at a higher price. “Before the Islamic Revolution, the Soviet Union already proceeded in this way with Iranian gas,” says Mohammad-Reza Djalili. As for Iran, it is the same with the gas it buys in Turkmenistan for its needs in the north of the country, then it sells to Turkey that produced in the south.
Stéphane © armenews.com