عربي English Türkçe اردو فارسى
Logo
Latest News
World

Biden: There is Enough Petroleum to Reduce Amount Purchased from Iran

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. REUTERS/Chen Aizhu//File Photo
China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. REUTERS/Chen Aizhu//File Photo
TT
TT

Biden: There is Enough Petroleum to Reduce Amount Purchased from Iran

China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. REUTERS/Chen Aizhu//File Photo
China National Petroleum Corporation (CNPC)'s Dalian Petrochemical Corp refinery is seen near the downtown of Dalian in Liaoning province, China July 17, 2018. REUTERS/Chen Aizhu//File Photo

US President Joe Biden said in a memo to the US State Department on Friday that there were sufficient supplies of petroleum so other countries can reduce what they buy from Iran.

Reuters said that the White House is required to affirm every six months that there is enough oil supply globally to maintain sanctions against Iran that were put in place in 2012, during Barack Obama's administration.

Biden's statement comes in advance of a virtual meeting with China's President Xi Jinping on Monday, in what is expected to be the leaders' most extensive meeting since Biden took office.

China is the largest purchaser of Iranian oil, averaging purchases of more than 500,000 barrels a day over the last three months.

Chinese purchases of Iranian crude have continued this year despite sanctions that, if enforced, would allow Washington to cut off those who violate them from the US economy.

The Biden administration is currently not enforcing those sanctions ahead of forthcoming negotiations with Iran to revive a 2015 nuclear deal that would let that nation sell its oil openly again.

"Consistent with prior determinations, there is a sufficient supply of petroleum and petroleum products from countries other than Iran to permit a significant reduction in the volume of petroleum and petroleum products purchased from Iran by or through foreign financial institutions," Biden said in the memo.

Most Viewed

 
 
World

Freed Spanish Hostage Set to Land in Algerian Air Base

Gilbert Navarro, a Spanish national who was kidnapped in south Algeria and transported by his captors to north Mali, is handed over to the Algerian authorities after he was freed by the Azawad Liberation Front (FLA), on the outskirts of Tinzaouaten, Mali, January 21, 2025. REUTERS/ Abdolah Ag Mohamed Purchase Licensing Rights
Gilbert Navarro, a Spanish national who was kidnapped in south Algeria and transported by his captors to north Mali, is handed over to the Algerian authorities after he was freed by the Azawad Liberation Front (FLA), on the outskirts of Tinzaouaten, Mali, January 21, 2025. REUTERS/ Abdolah Ag Mohamed Purchase Licensing Rights
TT
TT

Freed Spanish Hostage Set to Land in Algerian Air Base

Gilbert Navarro, a Spanish national who was kidnapped in south Algeria and transported by his captors to north Mali, is handed over to the Algerian authorities after he was freed by the Azawad Liberation Front (FLA), on the outskirts of Tinzaouaten, Mali, January 21, 2025. REUTERS/ Abdolah Ag Mohamed Purchase Licensing Rights
Gilbert Navarro, a Spanish national who was kidnapped in south Algeria and transported by his captors to north Mali, is handed over to the Algerian authorities after he was freed by the Azawad Liberation Front (FLA), on the outskirts of Tinzaouaten, Mali, January 21, 2025. REUTERS/ Abdolah Ag Mohamed Purchase Licensing Rights

A plane carrying Spanish hostage Gilbert Navarro, who was kidnapped in North Africa on Jan. 17, was expected to land in Algeria's Boufarik air base, Algerian state media reported on Tuesday.
His expected arrival at the Algerian air base comes after a Tuareg rebel alliance in northern Mali said late on Monday they had released Navarro, Reuters said.
Spain's Foreign Ministry said on Friday that a Spanish man had been kidnapped in North Africa.
El Pais newspaper reported that the man was kidnapped in southern Algeria by an
extremist group and taken to Mali, though the Foreign Ministry did not confirm that information.
In a post on X, one of the leaders of the Azawad Liberation Front (FLA) said Spanish national Gilbert Navarro "kidnapped in Algeria a few days ago" and transported by his captors to north Mali had been freed by FLA forces on Monday. An FLA spokesperson, Mohamed Elmaouloud Ramadane, said on X that the FLA had freed Navarro, who was in good health, and that more details would follow.
The Spanish Foreign Ministry did not immediately respond to a request for comment.
Spain is in a dispute between Morocco and Algeria over the Western Sahara, which was controlled by Spain until 1975 and is now claimed by Morocco and the Algeria-backed Polisario Front, which seeks its independence.