Enough supply of petroleum for countries to cut oil import from Iran: Trump
Washington, Nov 1 : President Donald Trump said on Wednesday in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products for countries to "significantly" reduce their purchase of crude oil from Iran, which is going face US sanctions from November 5.
In May, Trump had pulled out of the 2015 landmark nuclear deal, the Joint Comprehensive Plan of Action (JCPOA) terming it as "disastrous". Under the Obama-era deal, involving five permanent members of the United Nations Security Council and Germany, Iran had agreed to stop its nuclear programme in exchange of relief from economic sanctions.
Moments after coming out the deal Trump had signed fresh set of sanctions against Iran and warned countries against any cooperation with Tehran on its controversial nuclear weapons programme.
In his presidential determination, Trump said "there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions."
Trump's presidential determination, not an executive order but a kind of directive issued by the White House to the members of his adminstration on some policy matters, comes less than 100 hours before the deadline set by him for countries like India to bring its purchase of oil to zero from Iran by November 4.
India has expressed its difficulties in doing so given the galloping energy needs of its 1.3 billion people. More than 80 per cent of India's energy needs are imported. But at the same time, India has taken steps to reduce its oil purchase from Iran, which has already declined substantially.
Recently, senior US officials were in India for talks in this regard. However, US officials are tightlipped on the issue.
The White House also did not immediately responded to question if India's oil purchase reductions from Iran would be considered significant. Trump said he will continue to monitor the situation.
Secretary of State Mike Pompeo on Wednesday said, on the Laura Ingraham Show, that on November 5, the US will put back in place sanctions that will be very severe on the leadership of Iran. He hoped that this will convince them to change their ways.
Pompeo, on the another show, said that Iran was the world's largest state sponsor of terror. "They were squandering the people's money, the Iranian people's money, on these silly malign activities. And our effort is to get them to change that behaviour".
State Department Deputy Spokesperson Robert Paladino told reporters that on November 5, at 12:01, sanctions that were lifted under the Iran nuclear deal will come back into full effect.
"The sanctions that are reimposed on November 5th will target critical sectors of Iran's economy, such as energy, shipping and the ship-building sectors, as well as the provision of insurance and transactions involving the Central Bank of Iran and designated Iranian financial institutions," Paladino said.
The Iranian regime is the world's leading state sponsor of terror, and these sanctions are meant to cut off revenues that the Iranian regime uses to conduct terrorism and fund terrorist groups around the world, and that includes Lebanese Hizbollah, Hamas, Kata'ib Hizballah and the Taliban, he added.
"These groups foment global instability, they use these funds to support their nuclear and ballistic missile programs, and these funds are used to line corrupt Iranian leaders' pockets rather than help the Iranian people, who are the longest-suffering victims," Paladino said.
Meanwhile, in its report dated October 29, the independent CRS said India reduced its imports of Iranian oil substantially after 2011, lowering purchases to six per cent of its oil imports by 2013, from over 16 per cent in 2008, in the process incurring significant costs to retrofit refineries that were handling Iranian crude.
"However, since sanctions were eased, India's oil imports from Iran increased to as much as 800,000 bpd in July 2018 well above 2011 levels. Indian firms ended or slowed work on investments in Iranian oil and gas fields during 2012-2016, but reportedly resumed work after sanctions were lifted," it said.
After international sanctions were lifted, India reportedly also paid Iran the USD6.5 billion it owed for oil purchased during 2012-2016.
"The degree to which Indian firms and the government of India will cooperate with reimposed US sanctions is not certain. Indian leaders assert that Iran did not violate the JCPOA and sanctions should not be reimposed on it," the Congressional Research Service (CRS) report said.
In June 2018, India and Iran agreed to use the rupee in order to maintain economic engagement. Nonetheless, major Indian refiners Reliance Ltd. and Indian Oil Corporation Limited - citing a decision by the State Bank of India to cease transactions with Iran as complicating efforts to stay engaged with Iran - have announced they are considering cutting oil buys from Iran.
"India's purchases of Iranian oil fell sharply from July to August 2018, and press reports say that the country might try to cut Iranian oil imports dramatically in November 2018, when US energy sanctions go back into effect," the CRS report said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
'Low-quality' catheters supplied to West Bengal govt hospitals at high price, probe ordered
Kolkata (PTI): The West Bengal health department has launched a probe into the supplies of allegedly low-quality and locally made catheters at a high price to several government hospitals, posing a risk to the lives of patients undergoing treatment in these facilities, officials said.
Such central venous catheters (CVCs) were allegedly supplied to at least five medical colleges and hospitals in the state, defying allocation of international standard-compliant CVCs, they said.
The distribution company, which has been accused of supplying these catheters to government hospitals, admitted to the fault but placed the blame on its employees.
"We started checking stocks some time back and found these locally made CVCs in my hospital store. These catheters are of low quality as compared to those allocated by the state. We have informed the state health department," a senior official of the Calcutta Medical College and Hospital told PTI.
Low-quality catheters were also found in the stores of other hospitals, which indicates "possible involvement of insiders in the scam", a health department official said.
The low-quality CVCs were supplied by a distributor in the Hatibagan area in the northern part of Kolkata for the last three to four months, he said.
"Such kinds of local CVCs are priced around Rs 1,500 but the distributor took Rs 4,177 for each device," the official said.
A CVC is a thin and flexible tube that is inserted into a vein to allow for the administration of fluids, blood, and other treatment. It's also clinically called a central line catheter.
"An initial probe revealed that the distribution company Prakash Surgical had supplied the low-quality and locally manufactured catheters to several government hospitals instead of the CVCs of the government-designated international company.
"All the units will be tested and a proper investigation is on to find out who benefited from these supplies," the health department official said.
The distribution company blamed its employees for the supply of inferior quality catheters.
"I was sick for a few months. Some employees of the organisation made this mistake. We are taking back all those units that have gone to the hospitals. It's all about misunderstanding," an official of the distribution company told PTI.
According to another state health department official, a complaint was lodged with the police in this connection.
Asked about how many patients were affected by the usage of such low-quality CVCs, the official said, "The probe would also try to find that out".
According to sources in the health department, some of the staff of the hospitals' equipment receiving departments and some local officials of international organisations might be involved in the alleged irregularities.
