UANI

"Open sources reported that Glencore sold gasoline to Iran in 2009, but subsequently stopped in 2009." (U.S. Government Accountability Office, Report: "Firms Reported in Open Sources to Have Sold Iran Refined Petroleum Products between January 1, 2009 and June," September 3, 2010)

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"Glencore, a commodities trader, was a large supplier of gasoline to Iran, but stopped last year in the face of threatened new economic sanctions by the U.S. government.  The company, and its predecessor, Marc Rich and Co., had done business with Iran for more than three decades. It also has provided the United States military with transporation services, among other things."  From 2000-2009, the company has been the recipient of $20.2 million US federal funds.  They have withdrawn their activities in Iran. (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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"Swiss commodities trader Glencore International AG halted gasoline shipments to Iran two to three months ago, people familiar with the matter said, a response in part to the rising prospect of heftier sanctions against the Islamic Republic for its nuclear program. Glencore declined to comment. Glencore has long been one of the biggest gasoline providers to Iran, and the move could frustrate Iran's ability to meet its country's fuel needs…The halt of Glencore's Iran business could also help the company prepare for an anticipated initial public offering. The U.S. House of Representatives last month passed legislation that bars any company that does more than $20 million in oil and gas business with Iran from doing business in the U.S. The Senate is expected to pass the bill early this year." (The Wall Street Journal, "Swiss Firm Halts Its Sales of Gas to Iran," 1/9/09)

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"Iran typically gets the bulk of its gasoline from the following five firms: Vitol (Switzerland/Netherlands), Trafigura (Switzerland/Netherlands), Reliance Industries Ltd. (India), Glencore (Switzerland) and Total (France)." (Stratfor, "Special Series:Iran Sanctions," September 2009)

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"Due to limited refining capabilities, Iran imports approximately 40% of its domestic gasoline consumption. Iran is the second-largest importer of gasoline in the world. That gasoline is supplied primarily by five companies: the Swiss-Dutch energy trading giants Vitol and Trafigura, the Indian multinational Reliance Industries, the Swiss trader Glencore and the French energy firm Total." (The Wall Street Journal, "Hitting Tehran Where It Hurts," 7/13/09)

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"Because of a lack of domestic refining capacity, oil-rich Iran is dependent on gasoline imports to meet about 40 percent of domestic consumption. Iran gets most of its gasoline imports from the Swiss firm Vitol, the Swiss/Dutch firm Trafigura, France's Total, the Swiss firm Glencore and British Petroleum, as well as the Indian firm Reliance." (Agence-France Press, "US lawmakers target Iran gasoline imports," 6/23/09)