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Vol. 23, No.29 Week of July 22, 2018
Providing coverage of Alaska and northern Canada's oil and gas industry


Penalty avoidance from reduced imports

US goal is zero purchases of oil from Iran; officials say of immediate end of purchases not possible, exemptions will be considered

SUSANNAH GEORGE

Associated Press

Countries and businesses that continue to import Iranian oil could avoid penalties by making “significant reductions” as Washington re-imposes sanctions on Tehran later this year, according to top U.S. officials. “We want people to reduce oil purchases to zero, but in certain cases if people can’t....


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