WASHINGTON, Nov 30: President Barack Obama has decided to retain US sanctions on petroleum and petroleum products from Iran, dashing hopes that a recent nuclear deal would make it easier for Pakistan to buy Iranian gas.

“There is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions,” Mr Obama said in a statement issued by his office.

The statement made it clear that Iran would have to first forgo its controversial nuclear weapon programme before sanctions on its oil industry were removed.

“I will closely monitor this situation to ensure that the market can continue to accommodate a reduction in purchases of petroleum and petroleum products from Iran,” Mr Obama said.

The Geneva deal, however, says that the United States and its Western allies have agreed also to “suspend US and EU sanctions on Iran’s petrochemical exports, as well as sanctions on associated services.”

The clause raised hopes in Islamabad where government officials said that an understanding between the US and Iran would also help them build a pipeline to bring the much-needed natural gas from the neighbouring country.

In a separate statement issued on Saturday, Secretary of State John Kerry also made it clear that this clause would not benefit Pakistan.

“The Joint Action Plan agreed in Geneva does not offer relief from sanctions with respect to any increases in Iranian crude oil purchases by existing customers or any purchases by new customers,” he said.

US sanctions on the Iranian will remain intact until P5+1 and Iran reached “a comprehensive agreement” for ending Iran’s nuclear pursuit, he added. “Tehran would get relief from some other economic sanctions under terms of the deal.”

Mr Kerry also noted that China, India, the Republic of Korea, Turkey and Taiwan had made “additional significant reductions” in the volume of their purchases of Iranian crude oil. This once again qualified them for an exception to US sanctions intended to discourage other nations from buying oil from Iran, he added.

As part of the Joint Action Plan agreed to by the P5+1 and Iran, “we will pause for six months our efforts to further reduce Iran’s crude oil sales,” Mr Kerry said.

More From This Section

Chinese investors threaten to move capital from KP to Balochistan

A representative of the Chinese investors alleged that an advisor of KP CM, was causing hindrances in the ventures.

Opposition questions privatisation of 32 entities

The opposition parties showed their concerns and staged a symbolic walkout from the Senate against the govt’s decision.

PM calls urgent meeting on national security

Federal ministers, services chiefs, DG IB, ISI and CJCSC are invited to attend the meeting on Thursday, said sources.

Nawaz, Zardari discuss political situation, security

The two also discussed the ongoing operation in Karachi and the dialogue process with Taliban.

Comments are closed.

Comments (13)

Mir Ali
December 1, 2013 12:07 pm

US is doing all to keep Pakistan and Iran away from each other, also EU and he will do all to keep little friction awake between these two countries for their own benefits. If Iran would start sending its gas through this pipeline then Pakistan would be one of the biggest importer of its gas which would benefit him(Iran) in this tough time while Pakistan can control its acute power shortage. These two are very important Muslim countries if they would become one by keeping away some sect's differences then Muslims would hugely benefit and achieve remarkable success.

December 1, 2013 1:02 pm

The sanctions are against Pakistan only......the sooner we get a backbone and stand up, the better.

December 1, 2013 1:42 pm

We should have the courage to disregard America and make our own decisions. For that we need to forsake the American money. Get help from our all weather friend China

December 1, 2013 3:08 pm

No matter what US think Pakistan should go for the deal with Iran and make it as quick as possible within two year it should be completed. These international world record hypocrtire just think about their own interests why Pakistanis and Pakistan will suffer with their illogical sanction when those kind of sanction should be applied on Israel when they were making news and now they more than 300 nuclear arsenal ready to make our beautiful earth a parking lot at any moment and stealing Palestinian soil on daily basis and killing murdering them. Please Pakistani leaders or policy make wake up and follow your own interests then looking on west on each and everything. Save Pakistan future.

December 1, 2013 3:09 pm

@Mir Ali: yes and also include Turkey in that as previous RCD nad ECO countries.

Shaikh Mohommd
December 1, 2013 3:56 pm

Why can't we say NO to USA? The answer is that Nawaz Sharif elected by the people of Pakistan have betrayed their trust and is now an American stooge.

December 1, 2013 7:03 pm

@Shaikh Mohommd: First become the powerful enough than you can do whatever you want. Right now we are over Popluated, and losing country resources on religious and regional disputes, our education system going down everyday. And all of This have nothing to do with government it is all people fault.So let the government do there job , because we people don't even know how to make straight line

December 1, 2013 10:01 pm

Now pay for it.......... just keep on voting these thugs back to the top office we are the only nation who just refuse to learn from our mistakes

December 1, 2013 10:58 pm

I really condemn this, each country has independence of its own so its better for USA not interrupt into matters of others. Iran and Pakistan neither of them is to follow her Rules, Say NO to USA, Say No to biggest adversary of Pakistan.

December 1, 2013 11:50 pm

I would request Mian sahib and Mamnoon Hussain to impose restrictions on US in return, if it is possible for them to do so. Well, it seems impossible. Sorry, I take back my words.

December 2, 2013 2:18 am

well pakistan need to take its stand on this pipeline issue otherwise this country will be suffering alot especially northern region of Pakistan with no gas for home and industrial customers, our prime minister need to think this issue seriously rather than visiting countries

December 2, 2013 2:37 am

@Shaikh Mohommd: agreed

December 2, 2013 2:37 am


Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
From The Newspaper