THE WALL STREET JOURNAL - LONDON (Dow Jones)--BP PLC (BP) said Wednesday it was taking steps to shut down a natural-gas field in the U.K. North Sea that it jointly owns with Iran, confirming a warning last month that new European sanctions could interrupt the operation.
NCRI – In the midst of rising infighting among the Iranian regime’s factions, reports have surfaced that the faction tied to the mullahs’ President Mahmoud Ahmadinejad has gained control over a large car manufacturer under the guise of “privatization plans.”
The Washington Post - IN TEHRAN Last year, Tehran's writers, doctors and small-business owners formed the backbone of a grass-roots opposition movement against President Mahmoud Ahmadinejad. Now these middle-class urbanites think they're being singled out by a government plan that will soon cut off state subsidies and boost the prices of a wide array of everyday products.
NCRI - The cost of obtaining credit and transporting and importing raw materials has increased significantly as a result of international sanctions against the Iranian regime, according to a regime official in the parts manufacturing industry.
Bloomberg - Nov 4 - BP Plc said production at its North Sea Rhum natural-gas field will halt next week to ensure compliance with European Union sanctions against Iran.
October 27, 2010
Treasury Designates IRISL Front Companies and Directors
WASHINGTON – The U.S. Department of the Treasury today announced the designation of 37 front companies based in Germany, Malta, and Cyprus and five Iranian individuals for being owned or controlled by, or acting for or on behalf of, the Islamic Republic of Iran Shipping Lines (IRISL) and its affiliates. Today's action, taken pursuant to Executive Order (E.O.) 13382, targets IRISL's complex network of shipping and holding companies and executives and further exposes Iran's use of its national maritime carrier to advance its illicit weapons of mass destruction (WMD) program and to carry military cargoes.
Indian Express - State Bank of India (SBI) has directed its overseas branches to stop transactions with Iranian entities. An internal circular issued by India’s largest bank to its branches last month shows India has also tacitly joined international sanctions against the country orchestrated by the United Nations. The development comes just weeks ahead of US President Barack Obama’s visit to India early next month.