Showing posts with label Iranian. Show all posts
Showing posts with label Iranian. Show all posts

Thursday, 7 November 2019

Iranian president announces another break from nuclear deal - Pragnya IAS Academy - News Analysis.

Iranian president announces another break from nuclear deal.

In his announcement, President Hassan Rouhani did not say whether the centrifuges, which are at its nuclear facility in Fordo, would be used to produce enriched uranium.

• The centrifuges would be injected with the uranium gas as of Wednesday, Rouhani said.
• There was no immediate reaction from the International Atomic Energy Agency, the United Nations’ nuclear watchdog now monitoring Iran’s compliance with the deal.
Iran’s president announced on Tuesday that Tehran will begin injecting uranium gas into 1,044 centrifuges, the latest step away from its nuclear deal with world powers since President Donald Trump withdrew from the accord over a year ago.
The development is significant as the centrifuges previously spun empty, without gas injection, under the landmark 2015 nuclear accord. It also increases pressure on European nations that remain in the accord, which at this point has all but collapsed.
In his announcement, President Hassan Rouhani did not say whether the centrifuges, which are at its nuclear facility in Fordo, would be used to produce enriched uranium. The centrifuges would be injected with the uranium gas as of Wednesday, Rouhani said.
ias-coaching-centres-bangalore-hyderabad-pragnya-ias-academy-current-affairs-Iranian-president-nuclear-break
His remarks, carried live on Iranian state television, came a day after Tehran’s nuclear program chief said the country had doubled the number of advanced IR-6 centrifuges in operation.
There was no immediate reaction from the International Atomic Energy Agency, the United Nations’ nuclear watchdog now monitoring Iran’s compliance with the deal. The European Union on Monday called on Iran to return to the deal, while the White House sanctioned members of Supreme Leader Ayatollah Ali Khamenei’s inner circle as part of its maximalist campaign against Tehran.
Rouhani stressed the steps taken so far, including going beyond the deal’s enrichment and stockpile limitations, could be reversed if Europe offers a way for it to avoid U.S. sanctions choking off its crude oil sales abroad.
“We should be able to sell our oil,” Rouhani said. “We should be able to bring our money” into the country.
The centrifuges at Fordo are IR-1s, Iran’s first-generation centrifuge. The nuclear deal allowed those at Fordo to spin without uranium gas, while allowing up to 5,060 at its Natanz facility to enrich uranium.
A centrifuge enriches uranium by rapidly spinning uranium hexafluoride gas. An IR-6 centrifuge can produce enriched uranium 10 times faster than an IR-1, Iranian officials say.
Iranian scientists also are working on a prototype called the IR-9, which works 50-times faster than the IR-1, Iran’s nuclear chief Ali Akhbar Salehi said Monday.
As of now, Iran is enriching uranium up to 4.5%, in violation of the accord’s limit of 3.67%. Enriched uranium at the 3.67% level is enough for peaceful pursuits but is far below weapons-grade levels of 90%. At the 4.5% level, it is enough to help power Iran’s Bushehr reactor, the country’s only nuclear power plant. Prior to the atomic deal, Iran only reached up to 20%.
Tehran has gone from producing some 450 grams (1 pound) of low-enriched uranium a day to 5 kilograms (11 pounds), Salehi said. Iran now holds over 500 kilograms (1,102 pounds) of low-enriched uranium, Salehi said. The deal had limited Iran to 300 kilograms (661 pounds).
The collapse of the nuclear deal coincided with a tense summer of mysterious attacks on oil tankers and Saudi oil facilities that the U.S. blamed on Iran. Tehran denied the allegation, though it did seize oil tankers and shoot down a U.S. military surveillance drone.


The above Article can also be read using the link below:

Iranian president announces another break from nuclear deal.

Wednesday, 10 October 2018

India places fresh order for Iranian Crude, to go ahead with Chahbahar Port and route to Afghanistan - Pragnya IAS Academy - News Analysis.

India places fresh order for Iranian Crude, to go ahead with Chahbahar Port and route to Afghanistan.

Finally, India decided to go against US sanctions on Iran instead of bringing the crude oil imports from the country to zero by November 4. This date is a deadline set by the US establishment led by President Donald Trump to set in the sanctions on Iran. Following this, Washington ratcheted up the pressure on Delhi along with other consumers of Iranian crude to slash their oil imports to zero. In first week of October, two Indian companies placed orders for crude oil delivery next month.

ias-coaching-centres-bangalore-hyderabad-pragnya-ias-academy-current-affairs-India-Chahbahar-Afghanistan
India was negotiating window out of these sanctions, similar to waivers under the Countering America's Adversaries through Sanctions Act, or CATSA on Russia to buy S-400 missile systems. Indian diplomats say the US is yet not clear about waivers on Iran. These diplomats told Business Today that India must not wait endlessly since these sanctions are neither backed by the United Nation nor by any other community. From 2012 to 2015, US along with EU and United Nations pushed sanctions on Iran, forcing India to reduce the imports as well.
Bringing the imports to naught neither suits Indian economically nor geo-politically. The indications from Tehran suggest that the diplomats may link the Chahbahar port with the oil exports to India. Iran hasn't withdrawn a single penny out of the line of credit worth $500 million extended by India a year back, via EXIM bank. All this India can ill-afford.
Meanwhile, the state-backed refiners -- IOCL and MRPL -- placed orders of 6 million barrels and 3 million barrels, respectively from the Iranian exporters. On October 8, Indian petroleum minister Dharmendra Pradhan came on record to say that India will continue with its purchases. He also confirmed that country is evolving a different payment system to transact in rupees. India expects that this will help in circumventing the US sanctions on transactions in US dollars. Many of the Indian oil companies, like IOCL make most of their payments in euros. In May this year, the Indian foreign minister Sushma Swaraj sat with her Iranian counterpart Javed Zarif to exchange notes on rupee-riyal trade.
India along with other regional guzzlers of imported crude oil like Japan and South Korea are reducing their dependence on Iran, but the Chinese plans are still not clear. On the trade front, China is already fighting a battle with the US establishment. Along with this, China is trade positive with Iran, and is comfortable in convincing the Iranians to execute deals in yuan. This may force India to concede their space to their bete noire in case of bringing the crude oil to naught.
There are challenges for India, especially to arrange the insurances for the vessels and product; where the US-based companies are dominant. Apart from this, India was unable to replace the crude despite the Washington's assurance of additional supplies from Saudi Arabia and from their own coasts. There is economics as well; Saudi Arabia charges premium on cargoes heading towards east, whereas Iran offer deeper discounts. Although the diplomats in Washington are continuously telling their counterparts that they are pushing the OPEC members to increase their output to mellow down the crude oil prices, yet on ground situation hasn't improved.
In September first week, at first 2+2 dialogue -attended by external affairs minister, Sushma Swaraj, defence minister, Nirmala Sitharaman and US secretary of state, Mike Pompeo and secretary of defence Jim Mattis-India pushed the case of Indian interests in Iran in ensuring the regional balance of powers. The crucial Chahbahar port in Iranian province Sistan-Baluchistan is nearing completion and India doesn't want the sanctions to have any impact on the same.
To make the intentions clear, India also hosted Iran's Roads & Urban Development Minister Abbas Ahmad Akhoundi in Delhi, during the same time when the US lawmakers were doing the dialogue. He made it clear that Iranian establishment is ready to honour the commitment of handing over the the Shahid Beheshti port or phase 1 of Chabahar in few weeks to India Ports Global Ltd, or IPGL-an Indian company. IPGL will take over the operations of the port.
New Delhi looks at the port as a gateway to the International North-South Transport Corridor that will link India to the landlocked Central Asia and Russia as well. At present, India's trade with these countries, especially to CIS countries and Afghanistan is dependent on a pass through from Pakistan, and the hostile relations between New Delhi and Islamabad affect the trade and make it uncompetitive with their Chinese counterparts. The Chabahar port has the potential to become a regional transit hub for Afghanistan and Central Asian countries as well. (Source: defencenews.in)


The above Article can also be read using the link below:

India places fresh order for Iranian Crude, to go ahead with Chahbahar Port and route to Afghanistan.