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Iran gas exports to Bahrain still on

2 August 2010 17:49

Iran’s gas exports to Bahrain will not be affected by the recent UN sanctions against Tehran, says the Iranian ambassador to Bahrain.

“The booming trade between Iran and Bahrain is not affected by the UN sanctions,” Mehr news Agency quoted Hossein Amir Abdollahian as saying on Monday.

“The UN Security Council sanctions against Iran do not cover the export of Iran’s gas to Bahrain,” he said.

Iran has the world’s second largest natural gas reserves after Russia — around 15 percent of the world’s total proven reserves. The reserves include an estimated 974 trillion cubic feet of natural gas.

Following the June 9 UN Security Council resolution, the US and EU imposed unilateral sanctions against Iran over its nuclear program, mainly targeting the country’s energy and banking sectors.

Washington will deny access to US markets for those companies that supply Tehran with refined petroleum products.

The EU measures include a ban on the sale of equipment, technology and services to Iran’s energy sector, hitting activities in refining, liquefied natural gas, exploration and production. New investments in the energy sector are also banned.

Abdollahian said Israel was the main driving force for anti-Iran measures, adding that Tel Aviv was disseminating an “Iranophobia scenario.”

“While it is very unlikely that a war is waged in the region, Iran is ready to combat any threats,” the Iranian diplomat said, adding, “Israel will uproot itself if it dares to nurture the thought of an attack on Iran.”

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