In Case You Missed It: UANI Quoted by Reuters Regarding Iran's Rising Oil Exports

In Case You Missed It: UANI Quoted by
Reuters Regarding Iran's Rising Oil Exports

"The Increase in Oil Sales Alone has Already Been Worth Over $4 Billion in New Revenue for the Regime"   

Exclusive - Iranian oil exports rise in February, more to ally Syria

By Alex Lawler & Jonathan Saul
February 26, 2014

Iran's oil exports have risen further in February for a fourth consecutive month, according to sources who track tanker movements, adding to signs that the easing of sanctions pressure on Tehran is helping its oil exports to recover.

The increase in shipments is around 100,000 barrels per day (bpd), according to one tracker company, which would take Iranian exports to at least 1.30 million bpd for February. ...

Mark Wallace, chief executive of U.S. pressure group United Against Nuclear Iran, which seeks tougher sanctions, said Iran's economy was already benefiting from the sanctions relief.

"The Obama administration has stated that sanctions relief would only amount to $6 billion (£3.6 billion) to $7 billion, however the increase in oil sales alone has already been worth over $4 billion in new revenue for the regime," said Wallace, a former U.S. ambassador to the U.N.

"If Iran's oil exports remain constant from now until July, the regime will have gained more than $14 billion in additional revenue post-Geneva, not including the various other economic benefits from sanctions-easing related to areas such as the petrochemicals, automotive and precious metals sectors." ...

Click here to read the full piece.
Click here to view UANI's Geneva Interim Agreement Tracker.