[jhpigott]

Add another to the growing list of gas/energy suppliers getting out of Iran.

1) Glencore, Trafigura and Vitol pulled out in March http://www.israelnationalnews.com/News/Flash.aspx/182087

2) Shell also pulled out in March http://www.ynetnews.com/articles/0,7340,L-3860902,00.html ^

3) Russia's Lukoil has pulled out earlier this month http://www.ynetnews.com/articles/0,7340,L-3872694,00.html

. . . and now another one of Iran's largest gas suppliers is jumping ship

[jhpigott]

ping

[GalaxieFiveHundred]

[Vaquero]

you mean to tell me....Iminthemoodforjihad, with all his oil dollars, can’t free up a billion or 10 to build a refinery???

what a piece of work.

[bert]

The flip side of this coin is that there may be some corresponding diminution of Iranian crude sales. One can only wonder if Iraq or the Gulf states are picking up the slack to the refiners needing crude that may no longer be available from Iran.

[Candor7]

It won't make any difference, They are not pulling out because of UN sanctions, They are pulling out because they can't make money in Iran.

Nothong will stop Iram from haveinng a nuclear weapon and using it to blackmail the world.They will control ALL gas and oil inthe region. The smart companies are getting out now.

This is a sign of war to come.

[Zhang Fei]

My guess is that Iranians haven’t been making payments for a while, i.e. they’re about to run out of hard currency, whether you define that as yuan, yen, euros or dollars.