All tagged waiver

Iraq Sets Up 'Loophole' in US Sanctions to Buy Iranian Power

◢ Iraq is establishing a financial "loophole" to continue buying vital gas and electricity from Iran despite US sanctions, AFP has learned, mirroring a European mechanism that came into effect Friday. The "special purpose vehicle" (SPV) would allow Iraq to pay for imported Iranian energy in Iraqi dinars, which Iran could use to exclusively buy humanitarian goods, three senior Iraqi officials said.

US Grants Energy-Hungry Iraq New Iran Sanctions Waiver

◢ The United States has granted Iraq another 90-day waiver to continue with vital energy imports from neighboring Iran despite re-imposed sanctions, a government source said Saturday. The extension came after "long discussions" with Washington ahead of a looming deadline on a previous extension granted in December, the official, close to the negotiations, told AFP on condition of anonymity.

Trump Playing Hardball Gives Iran Oil Buyers Costly Headache

◢ Asia is more dependent on oil imports than any other region and has been repeatedly buffeted by America’s campaign to isolate Iran, once OPEC’s second-largest producer. While they’ll be able to find other supplies, they face the prospect of having to pay more, potentially accelerating inflation and putting pressure on their economies.

US Extends Iraq Waiver Over Iran Sanctions

◢ The United States is extending a waiver to let energy-hungry Iraq keep buying power from Iran, despite Washington's campaign of sanctions aimed at curbing Tehran, an official said. "While this waiver is intended to help Iraq mitigate energy shortages, we continue to discuss our Iran-related sanctions with our partners in Iraq," a State Department official said.

US Grants Iraq 90-Day Extension to Iran Sanctions Waiver: Source

◢ The United States has granted Iraq a 90-day extension to an exemption from reimposed sanctions on Iran to keep on importing energy, a government source said on Thursday. President Donald Trump reimposed crippling unilateral sanctions on Iran's energy and finance sectors on November 5 following his May decision to abandon a landmark 2015 nuclear deal between major powers and Tehran.

Iraq Gets US Sanctions Break to Keep the Lights On

◢ Iraq has won an exemption allowing it to buy Iranian electricity despite US sanctions, as the country plagued by chronic power shortages walks a tightrope between rivals Washington and Tehran. With US measures imposed Monday taking aim at Iran's banking and energy industries, there were concerns Iraq—which heavily relies on its eastern neighbor for electricity and consumer goods—would be caught in the crossfire.

US Issues Waivers to Allow Iran Deal to Continue

◢ The United States said Monday it was issuing waivers to allow the continuation of a nuclear deal with Iran, after declaring the agreement a disaster and slapping sweeping sanctions. Hours after sanctions went into effect that ban most trade with Iran, the State Department said it was exempting projects set up through the 2015 nuclear deal negotiated under former president Barack Obama.

France's Total Has Officially Left Iran: Oil Minister

◢ French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions. "Total has officially left the agreement for the development of phase 11 of South Pars (gas field)," he told parliament's news agency ICANA, adding that it had been more than two months since the French firm announced it would leave.

Iran Air Says Will Receive 5 New ATR Planes on Sunday

◢ Iran Air said Saturday it was set to take delivery of five new planes from Franco-Italian firm ATR just before renewed US sanctions go into effect. "Based on existing agreements, five new ATR aircraft will land at Mehrabad Airport at 9 am (0430 GMT) tomorrow (Sunday)," the national carrier said on its Telegram channel. 

Total Says Chances of Iran Sanctions Waiver 'Very Slim'

◢ French oil major Total said Friday the probability of winning an exemption from US sanctions against Iran to continue a major gas field project was very faint. On Friday, Total's chairman Patrick Pouyanné told shareholders that the prospect of a sanctions exemption was dim.

Iran Sets Sanctions Waiver Deadline for Oil Giant Total

◢ Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washington or it would lose its stake in a multi-billion-dollar gas project. "Total has 60 days to negotiate with the US government," said Bijan Zanganeh, according to the oil ministry's Shana news agency. 

France's Total To Seek Waiver If US Revives Iran Sanctions: CEO

◢ French energy giant Total will push ahead with a $4.8 billion deal to develop an Iranian gas field and will seek a waiver if Washington re-imposes sanctions, the firm's CEO has said. If Washington does walk away from the deal, Pouyanne said, Total will argue that as the project was "awarded prior to that decision during the period of time that we could sign."