Wednesday, May 25, 2011

Israeli oil company trades with Iran

U.S. imposes sanctions on Israeli company for trade with Iran
"The U.S. State Department imposed new sanctions on 7 oil and shipping companies for violating the ban on oil trading with Iran. Sanctions were imposed in particular on PDVSA (Venezuela), PCCI, Royal Oyster Group, Speedy Ship (UAE), Tanker Pacific (Singapore), Ofer Brothers (Israel) and Associated Shipbroking (Monaco). They are now closed access to U.S. government contracts, but cooperation with the private sector and activities in the USA are not restricted.

Besides, the U.S. State Department imposed sanctions on 16 companies from China, Syria, Iran, Belarus and North Korea for the actions that promote the growth of nuclear weapons in Iran, Syria and North Korea"

To read more about USA's best ally's company, click here

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