Monday, January 11, 2010

Glencore Stops Gasoline Sales to Iran

Glencore International AG, the world's largest independent commodities trader and second-largest independent oil trader, has suspended deliveries of gasoline to Iran. Glencore supplies some 17,000 barrels per day of Gasoline to Iran, less than 17% of Iran’s total imports, estimated to be at 102,000 barrels per day. The move, that went into effect last November, is significant because the Swiss giant started the embargo on its own, with no related UN sanctions requiring it to do so.

Glencore, and its founding firm Marc Rich & CO AG, have been supplying fuel to Iran for more than three decades. In 2008, BP Trading and Reliance ceased gasoline sale to Iran. China’s Sinopec remains Iran’s largest gasoline supplier, accounting for more than one third of Iran’s gasoline imports.


Anonymous said...

Bide your time Iran, these Zionist are in for a nasty surprise this decade!

Anonymous said...

nader uskowi is happy now! anything putting iran under pressure whether it is internal or external, makes washington-based scholars for dollars happy!

Alborz said...

17% less Benzin = > %17 less cars.

that must be considered as good news for the toxic air of Tehran.

Nader Uskowi said...

Alborz, it's great if Iran could reduce its use of vehicles by 17% as well, but that's easier said than done. 17% less cars would indeed make Tehran a nicer place to live.