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MKs Seek Probe of Tanker Pacific 'Trade' with Iran
Arutz Sheva ^ | 30/5/11 | Chana Yaar

Posted on 05/30/2011 11:33:08 AM PDT by Eleutheria5

Lawmakers are calling on the government to launch an investigation into allegations that Singapore-based Tanker Pacific Ltd. owned by Israeli businessman Sammy Ofer, has been involved in doing business with Iran.

Last week the U.S. State Department leveled an allegation that the Ofer Brothers Group had sold an oil tanker to an Iran-based company. In addition, an Israeli financial magazine reported that seven of the firm's vessels had docked in the Islamic Republic over the past decade.

The Calcalist published a report revealing the information on Sunday, creating a firestorm among Knesset members as well as top officials, including Prime Minister Binyamin Netanyahu. The prime minister told the Knesset Foreign Affairs and Defense Committee the same day that he personally asked whether the firm had been given any sort of trade permit with Iran.

According to the company, however, the situation is not nearly as cut-and-dried as it might first appear, and bluntly denied having illegally traded with Iran.

A statement by Tanker Pacific Ltd. explained that “at the time in question all operations of this type were fully sanctioned under international laws and regulations legislated by the U.S., EU and U.N.”

Regardless, the company added, Tanker Pacific decided in November 2010 to halt shipments of oil and any other petroleum products to Iran.

The entire issue – and sanctions levied against the Ofer Brothers Group by the U.S. State Department – may be based on a misunderstanding, however.

Sources quoted by the Globes business news service said the company told the Ministry of Defense that that only one ship was actually involved in the controversy – an oil tanker, Raffles Park.

The company was placed on the U.S. State Department watch list for having sold the oil tanker to Republic Iran Shipping Lines (IRISL) for $8.65 million ... .....

(Excerpt) Read more at ...

TOPICS: Extended News; Foreign Affairs; News/Current Events; War on Terror
KEYWORDS: iran; knesset; tankerpacific; trade
Give sanctions a chance to work./sarc
1 posted on 05/30/2011 11:33:13 AM PDT by Eleutheria5
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To: Eleutheria5

I’ve heard that a few powerful neocons (aka RINOs) do trade with Iran through front companies based in France and other places. I read this a few years ago in a report about how they were lobbying to pass few more complicated laws with escape clauses that will benefit them but not others. The rhetoric is only for us common folk. Sanctions also work well for them because the competition (ordinary people like us) is kept out while they continue to trade and make profits. Escape clauses to be part of front companies exist for them.

2 posted on 05/30/2011 4:30:54 PM PDT by JimWayne
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To: JimWayne

Sounds like “Oil for Food” in Iraq all over again. These sanctions won’t delay them getting the bomb by one day.

3 posted on 05/30/2011 4:34:21 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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