US extends waivers on Iran sanctions to 11 countries

Iran news headlines on Thursday include US extension of waivers on Iran sanctions to 11 countries; Iran’s Bushehr power plant taking off line over generator malfunction; Iran test-firing short-range missiles; Mangalore Refinery & Petrochemicals Ltd. stopping oil imports from Iran and Iran inauguration of its biggest gasoline production line.

 

US renews waivers in Iran oil sanction program

The United States is renewing waivers for Japan and 10 European countries for their efforts in the Iran oil sanction program.

Secretary of State John Kerry announced the waivers Wednesday, saying the international community remains committed to maintaining pressure on the Iranian regime until it fully addresses concerns about its nuclear program.

Iran: Bushehr nuclear power plant taken off line

Iran’s vice president says the Bushehr nuclear power plant has been disconnected from the country’s electricity grid because of a mechanical problem.

Fereidoun Abbasi, vice president and head of Iran’s nuclear agency, said there was a problem with the power plant’s generator, according to the official IRNA news agency Wednesday.

Report: Iran test-fires short-range missiles

Iranian media say the military has test-fired several short-range missiles, including the type Palestinian militant Hamas group used to attack Tel Aviv last November.

Thursday’s report by the semi-official Fars news agency says the missiles were tested during an army exercise in central Iran. It says the missiles fired were Nazeat-10 and Fajr-5.

MRPL says may have to stop Iran crude imports

Mangalore Refinery & Petrochemicals Ltd., India’s largest importer of Iranian crude, might be forced to stop oil imports from the Persian Gulf nation if it can’t renew the insurance on its refinery, a company executive said Thursday.

Local insurers have been reluctant to take the risk of providing insurance to refineries processing Iranian crude, as they are mainly dependent on reinsurance in the overseas markets to hedge their insurance risk.

Iran inaugurates its biggest gasoline production line

Iran’s President Mahmoud Ahmadinejad inaugurated on Thursday the country’s biggest gasoline production plant, which will enable the country to boost its gasoline production capacity, local media reported.

The capacity of the plant, located near Iran’s central city of Shazand, will hit 16 million liters per day, while the quality of the produced gasoline will be upgraded to Euro-5 standards in terms of its octane percentage, according to semi-official Mehr news agency.

 

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