Thursday, 24 May 2012  

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Chinese Oil Company may drop the ball to implementing contract with Iranian regime

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NCRI - China’s biggest gas contract with the clerical regime is about to be suspended because China has restrained itself from implementing the contract.

“The Chinese have strung along Oil Ministry for over 2 years”, wrote a state medium, “delaying operations in the second phase of special economic region of Pars Energy. This is a 5-billion-dollar megaproject signed by Chinese CNPCI to develop Phase 11 of Southern Pars Field.”

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Senators Press Obama on Iran's Central Bank

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WALL STREET JOURNAL - ByJAY SOLOMON
WASHINGTON—More than 90 U.S. senators signed a letter to President Barack Obama pressing him to sanction Iran's central bank, with some threatening legislation to force the move, an outcome that would represent a stark escalation in tensions between the two countries.

Such a measure, if effectively implemented, could potentially freeze Iran out of the global financial system and make it nearly impossible for Tehran to clear billions of dollars in oil sales every month, said current and former U.S. officials.

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Iranian shipping company charged with conspiracy

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NCRI - Prosecutors in New York City say an Iranian regime-owned shipping company has evaded U.S. sanctions by setting up shell companies and funneling millions of dollars through American banks.

According to the Associated Press, The New York Times reports that Manhattan District Attorney Cyrus Vance Jr. is announcing a 317-count indictment Monday against the Islamic Republic of Iran Shipping Lines, known as Irisl, and 15 other defendants.

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Protestors outside OPEC meeting: No more deals with the mullahs!

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NCRI - The caretaker of the mullahs’ regime’s Oil Ministry attended the meeting of oil producing countries while protestors held demonstrations outside the meeting’s location.

The demonstrators were carrying signs saying “Stop the Bomb!” and “No More Deals with Iran”. They also carried crossed out pictures of Ahmadinejad.

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Foodstuff price hikes “mind-boggling and back-breaking”

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NCRI - Four months after implementing the anti-people policy of elimination of subsidies, government-run media report a 70% hike in the price of foodstuff and associated items.

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