Arab Today, arab today iranian insurance consortium continue covering crude exports
Last Updated : GMT 07:49:44
Arab Today, arab today
Arab Today, arab today

Iranian insurance consortium continue covering crude exports

Arab Today, arab today

Arab Today, arab today Iranian insurance consortium continue covering crude exports

Tehran - FNA

Director of the International Affairs at the National Iranian Oil Company (NIOC) Seyed Mohsen Qamsari played down the impacts of insurance sanctions by the western countries on Iran\'s oil industry, stressing that domestic insurance consortiums have been able to cover over 90% of Iran\'s crude exports. “Currently, more than 90 percent of crude oil cargos are insured by the Iranian insurance consortiums and our customers have been satisfied with us so far,” Qamsari said on Sunday. He added that Iran has established a domestic insurance consortium to underwrite the country’s oil cargos. “Fortunately, this consortium has managed to insure Iranian oil cargos over the past two years and for the time being we have no problem with insuring our vessels to carry oil to our customers,” the senior Iranian oil official pointed out. Early in April, Head of Iran\'s Bimeh Markazi (Central Insurance) Organization Mohammad Karimi said the country is ready to insure oil tankers against western sanctions. \"In case of tighter insurance sanctions by western governments, Iran\'s insurance industry is capable of insuring oil tankers,\" Karimi siad. He noted that Iran has benefited from western sanctions and transformed them into opportunities. \"In all international laws and conventions, the insurance industry is not subject to sanctions, but as you see big powers have imposed unfair sanctions against our country\'s insurance industry,\" the Iranian insurance official said. The official noted that each oil tanker is insured for up to one billion dollars. \"Big risks are covered within the framework of a consortium in the world and this issue has been well understood in Iran and the tankers are insured.\" Karimi said Iranian insurance companies are providing insurance cover in conformity with international standards. Washington and its western allies accuse Iran of trying to develop nuclear weapons under the cover of a civilian nuclear program, while they have never presented any corroborative evidence to substantiate their allegations. Iran denies the charges and insists that its nuclear program is for peaceful purposes only. Tehran stresses that the country has always pursued a civilian path to provide power to the growing number of Iranian population, whose fossil fuel would eventually run dry. Despite the rules enshrined in the Non-Proliferation Treaty (NPT) entitling every member state, including Iran, to the right of uranium enrichment, Tehran is now under four rounds of UN Security Council sanctions and the western embargos for turning down West\'s calls to give up its right of uranium enrichment. Tehran has dismissed West\'s demands as politically tainted and illogical, stressing that sanctions and pressures merely consolidate Iranians\' national resolve to continue the path. Tehran has repeatedly said that it considers its nuclear case closed as it has come clean of the International Atomic Energy Agency (IAEA)\'s questions and suspicions about its past nuclear activities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iranian insurance consortium continue covering crude exports Arab Today, arab today iranian insurance consortium continue covering crude exports

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iranian insurance consortium continue covering crude exports Arab Today, arab today iranian insurance consortium continue covering crude exports

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday