News24

SA faces Iran oil sanctions deadline

2012-05-11 11:29

Johannesburg - South Africa has less than seven weeks to "significantly reduce" its oil exports from Iran or face possible US sanctions and an oil shortage, Beeld reported on Friday.

The government, oil companies and banks that paid for oil from Iran, had to lodge an official undertaking before June 28 with the US to scale down on the imports and apply the change visibly.

At least 26% of South Africa's crude oil was imported monthly from Iran.

SA Petroleum Industry Association executive director Avhapfani Tshifularo told Beeld: "This is not a business decision for us. It involves a political decision about political pressure."

If South Africa did not drastically cut its imports, it would have to expedite requests to the US for a postponement and temporary exemption from economic sanctions.

Although diplomatic sources in the department of mineral and energy affairs confirmed that "extremely sensitive" talks were underway, a postponement request had not yet been lodged with the US, it was reported.

"We expect a Cabinet decision by the end of the month, and we will allow ourselves to be guided by that," Tshifularo said.

The US has claimed that Iran's banking sector, including its central bank, "finances terrorism", and through money laundering, poses a threat to the international monetary system.

Comments
  • kdruzynski - 2012-05-11 12:01

    Lets watch those Petrol Prices!!!

      Ze Don - 2012-05-11 12:07

      It shouldn't have an effect on fuel prices as the price of oil is set by international market prices.

      Ze Don - 2012-05-11 12:40

      It would Jon, my point was that we can get oil for the same price from other suppliers. So continuing purchasing from Iran would be detrimental to our economy.

  • Rob - 2012-05-11 12:04

    Advice to government..... Choose your friends because you like them, choose your enemies wisely.

  • Pablo - 2012-05-11 12:05

    When will the world police cease throwing their weight around?

      Ze Don - 2012-05-11 12:10

      When we don't take their aid, we can ignore them. Until that happens we'll have to toe the line.

      Khutso - 2012-05-11 12:25

      Since when does SA have a beef with Iran?

      Vicker - 2012-05-11 12:48

      SA doesne have a problem with Iran (we should have but our morals and integrity are too low for that) but the US does have a problem with them. Its like the playground bully telling you not to be friends with Johnny cos the bully doesnt like Johnny

  • Tamaranui - 2012-05-11 12:07

    The bully Fedocracy again. Stop with your tactics, We are an autonomous country and will buy our Oil where the best interests for our People lie. Stop buying all of Venezuela's oil before ranting to others.

      Hettie - 2012-05-11 12:51

      YEAH GIRL I SEE WE ARE FLORISHING AS A COUNTRY.

      davieoosie - 2012-05-11 13:59

      The lower half of North America is Mexico. Why must they suffer Tama?

  • Shaun - 2012-05-11 12:10

    So what if the US sanction us? We simply do all our trading with China, Russia and Iran. Its that simple.

      Ze Don - 2012-05-11 12:12

      So I assume those same countries will give us billions in aid every year as well?

      Tamaranui - 2012-05-11 12:44

      True Shaun, The recent recessions in the West has not affected RSA's bottom line as we have diversified our markets and trading partners. The West will no longer be the Power it was as it is now a Global market.

      Tamaranui - 2012-05-11 12:45

      Ze Don, The aid is merely a drop in the ocean when compared to the wealth thats plundered from this continent every year.

      Hettie - 2012-05-11 12:46

      MY MY, YOU ARE A INTELLIGENT MAN. GO FOR IT SEE WHAT HAPPENS BOYO

  • Kobus - 2012-05-11 12:10

    There goes USA again thinking they run the show! We all know why you are in Iraq,Afghanistan etc.

      uwe.klopfer - 2012-05-11 14:36

      Iraq we would guess oil... Afghanistan ? They have..... and...... and...... and...... Gee I can't think of much at the moment though...

      Juan - 2012-05-11 15:45

      Maybe they should just invade Iran and leave us the hell alone

  • Christo - 2012-05-11 12:12

    Shame, now another bribe needs to but on hold

  • Rob - 2012-05-11 12:16

    Nobody is telling SA where to, or not to, buy oil. It is about the consequences. So by all means buy from Iran but then be accountable to the country for the effect. You cannot blame any other cpountry for looking after its own interests!

  • daniel.motlhatlhedi - 2012-05-11 12:18

    Is the US captain of this world, or maybe we are still colonised but in a nice way.

      uwe.klopfer - 2012-05-11 14:37

      I am sure china cares for south africa... Considering china kills other countries labour markets with sub quality goods

  • Martin - 2012-05-11 12:18

    OK amelica, hows bout you tap your oil fields for a change and give it to us at a better price then?

  • ESETHU_HASANE - 2012-05-11 12:24

    Eish Monster America though.... all countries have to kiss their smelly bottom

  • Adil Smit - 2012-05-11 12:25

    Don't see why South Africans should pay more for petrol because the US has an issue with yet another oil-rich Middle Eastern country.

  • Nosiphom - 2012-05-11 12:28

    Tell America to walk and in the mean time build a pipeline to Angola - we are tired of this rubbish from the US. We are sovereign state and we should decide our friends rather than be dictated to!

      Hettie - 2012-05-11 13:04

      ANGOLA! OMW, I WOULD LIKE TO SEE US BUILD A PIPELINE TO THERE,SUCH A COMFORTING THOUGHT. SUCH A FLOURISHING COUNTRY,LOOKING AFTER ITS PEOPLE,JUST LIKE S.A.THE CONTRACTORS WILL STEAL THE STEELPIPES EVERYDAY. LOL

      Jan - 2012-05-11 14:59

      @Nosi Please use your brain a little before you comment, because with comments like that, i'd say if you had one less brain cell you would be a pea.

  • Gideon - 2012-05-11 12:30

    The US are actually the terrorists of this world. If you don't agree with them you get victimized or if you have oil resources they will find an excuse to take over your country. Libya/Iraq etc.

      uwe.klopfer - 2012-05-11 14:40

      Agreed to a point, but since when is the world governed by honesty and high standing morals ? Its about money and power, has always been and will always be. And at the moment the USA has the most power... I am sue china will be super friendly when they have the largest economy in the world a couple of years from now. Rather the devil you know... At least the USA pretends to care...China doesn't

  • Sifiso Mngadi - 2012-05-11 12:30

    that is jst bull,there only terrorism our capital boosts is their power to engage with iran in then taking the steering of its economical and resources management

  • petr.valcik1 - 2012-05-11 12:32

    Let's see - they started a war to try and control as much oil as they could using 911 as an excuse and now they want to tell everyone else what to do as usual. How about they mind their own business and worry about their own politics as this has nothing to do with them.

  • Rudi - 2012-05-11 12:33

    Toyota & Honda should speed up those hybrid car production lines so that we can get less dependable upon oil.

      Johan - 2012-05-11 13:12

      I agree with you Rudi. Oil is trouble in this small world of us. It polluted our atmosphere and not to mentioned our land and sea (BP Oil disaster), and many more mishaps in the past. What we really need now is an alternative energy resource and VERY quick too.

      ina.f.chatwind - 2012-05-11 14:21

      Sorry, Rudi. The car manufacturers are being bullied by the same culprit. Hybrid cars were available and produced years ago but removed from the market because it robs the illuminati of their power to control.

      Juan - 2012-05-11 15:51

      Hybrid cars are useless, just a sales gimmick. You get far better economy from a diesel

  • Martin - 2012-05-11 12:40

    its funny how they wont help syria, who has no oil...but will have a go at iran who has never picked a fight with anyone, i do not believe a gaddamn thing the amelicans have to say

      uwe.klopfer - 2012-05-11 14:42

      Libya has quite a bit of oil too...

      sven.gohre - 2012-05-11 16:19

      Martin, Syria has oil, it is just not in production yet. So it would make more sense to intervene in Syria where they could put their (USA) contractors in control of actually producing the oil. They stay out of Syria due to the Arab Council, that is using NATO as a back up to settling the countries problem with it's hated regime. Please learn a little about world politics before commenting on them, pretty please.

  • nina.ignjatov - 2012-05-11 12:40

    America at it again!!!! we can manage without Americans!

      Louis - 2012-05-11 12:45

      If you think for one moment that we can survive sanctions from america this time, you need to get your head examined. Our economy will fail us completely.

      Tamaranui - 2012-05-11 12:53

      Yes we can however they need our Minerals.....They are not going anywhere. The sanctions earlier in our history show the west still buying our Minerals via Intermediaries...... We are not inept or imprudent ....

      uwe.klopfer - 2012-05-11 14:43

      @Tamaranui... Blacks aren't sanction busters, never been and never will be... And the sad truth if you really think about it is because they aren't "skelm" enough....

  • Larry - 2012-05-11 12:41

    Iran is a rogue regime that needs to be pulled into line. The world of nations need to conform to acceptable standards. These standards are set by the UN led by leading Western democracies. South Africa included. Business with the West and foreign investment are our life-blood, not Iran or its oil.

  • Louis - 2012-05-11 12:47

    Sanctions...sounds familiar! Only this time we won't survive - government has to respond to demands.

  • Rob - 2012-05-11 12:54

    If anybody wants to get insight into the hearts and minds of South African society, at least the segment that comments on News 24, this thread says a lot. Victims, and eager to pass blame rather than being accountable. Often we use accountability, at least the lack of it, to criticise national and local government on the basis that always somebody else is to blame. But reading many of these comments seems to expose a mostly general victim mentality.

  • abraham.page - 2012-05-11 12:56

    So the US "claims" that Iran is funding terrorism. I would like to see some real proof (can be hold up in a court of law) and not the kind like the WOMD's proof; that was shown to the UN to justify the war on Iraq. Then I will take the US seriously. Looks like the US is still the world police. Shouldn't we take orders from the UN and not the US. That is how the world is suppose to work right?

      Lanfear - 2012-05-11 14:08

      Agreed, I also want to see that "proof"!

      sven.gohre - 2012-05-11 16:28

      abraham, there is more than enough proof that they fund terrorist organisations all over the world. But that is not why the USA is trying to stop the oil trade with Iran. It is an attempt to cut off the financial means of it developing an "Atomic Arsenal", because if they do not stop Iran developing weapon grade uranium, Iran will be annihilated by a nuclear strike from Israel. So unless you want Iran to be subjected to such an end, it would be better to support the USA's aim of stopping this happening by means other than destruction of the Iranian people. No matter what your personal thoughts are in respect of Israel, they will protect themselves from a nation that has stated with no ambiguity that they will wipe out the state of Israel. So by removing the money required by the Iranian government to build such weapons, Nuclear Armageddon of the Middle East may be averted.

  • songezo.kilani - 2012-05-11 13:02

    Now you should see why i hate americans and its arrogant goverment. By the way why were'nt they sanctioned when they invaded Iraq for \Weapons Of Mass Destruction\, which they never found to date. Our goverment needs to grow a pair here

      davieoosie - 2012-05-11 16:50

      The sanctioned the previous SA regime also. Was it also for our oil Songezo or was it because of apartheid. I'm sure you liked them then?

  • Roy - 2012-05-11 14:12

    Here comes crap for the country and all prices are going to go up and the poor are going to get poorer.

  • ina.f.chatwind - 2012-05-11 14:14

    And will the U.S. subsidise the shortfall? Not fair being bullied by "Big Brother". Most probably the man in the street will have to cough up again. Sometimes I hate the system.

  • Warwick Bristow - 2012-05-11 15:32

    The U.S. must leave us alone. We don't need any more fuel increases.

  • Rob - 2012-05-11 15:54

    And another perspective..... Just how much has the US plugged into South Africa's AIDS HIV treatment programme over the past ten years. Billions, maybe even trillions. US tax money! How much of it was diverted into pockets is another question, but it is ridiculous and unworthy to suggest that at sometime a marker will be called. The fact that, unlike many other donor reciepients SA could afford to have paid for some, maybe a lot, of the HIV/AIDS expenses withou US assistance is also another story. BUT there can no doubt that SA is indebted to the US.

  • jmasha3 - 2012-05-11 18:44

    South Africans let's get ready for another petrol price increase,food and e.t.c and this time around our government has nothing to do with this, if u have any complains go to the Americans...may God bless America and its allies only and nobody else.

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