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Connacher Oil & Gas Ltd CLLZF

"Connacher Oil and Gas Ltd is an oil company engaged in the exploration and development, production and marketing of bitumen. Connacher holds two producing projects at Great Divide are known as Pod One and Algar."


GREY:CLLZF - Post by User

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Post by righand99on Feb 26, 2006 10:27am
361 Views
Post# 10426447

Oil-hungry Asia stays friendly with Iran:

Oil-hungry Asia stays friendly with Iran: Oil-hungry Asia stays friendly with Iran: LONDON, February 26 (IranMania) - With the tone rising by the day between Iran and the West over Tehran's nuclear drive, Asia is staying cool, preserving warm ties with the Islamic republic whose oil it desperately needs, AFP reportred. Asia feels little direct threat from Iran's populist President Mahmoud Ahmadinejad, even as his quest for nuclear technology and bellicose diatribes against Israel earn him pariah status in the United States and Europe. Iranian Foreign Minister Manouchehr Mottaki after difficult talks in Brussels in mid-February headed on a tour of more friendly Asia. He is due in Japan Monday after visits to Indonesia and Thailand. "Our country, which maintains friendly relations with Iran, will see to it that Iran, which wields influence in the field of energy, will not be isolated in the international community," Japanese Chief Cabinet Secretary Shinzo Abe said ahead of the trip. Japan, usually a steadfast US ally, has defied Washington by maintaining its lucrative commercial relationship with Iran ever since the 1979 Islamic revolution overthrew the pro-Western shah. Japan in 2004 inked a two billion-dollar contract to develop Azadegan in southwestern Iran, considered one of the biggest untapped oil reserves in the world. The world's second largest economy imports nearly all of its oil needs, with 15 % coming from Iran, and has fought bitterly with China for access to oil and gas in disputed waters and Siberia. "As Japan is the only country that has suffered nuclear attack, it is not acceptable for it to have more nations possessing nuclear arms," said Osamu Miyata, a Middle East expert at the University of Shizuoka. But he added: "If the UN Security Council adopts economic sanctions against Iran and Japan votes for it while China votes against, Iran may move to give the development rights for the oil field to China." "Japan is unlikely to take policies that get in the way of US policy on Iran. But if the United Nations moves to sanctions, it would not benefit Japan's national interests. I believe Japan would try to convince Iran." The International Atomic Energy Agency (IAEA) is set Monday to deliver a report on the Iranian nuclear program that could lead the way to Security Council action. China, the only Asian nation with a veto on the Security Council, over the weekend dispatched its vice foreign minister to Tehran for talks on the crisis. China needs Iran for its breakneck economic growth, with the Islamic republic providing 13 %of Chinese oil imports. Beijing also relates to Tehran in its sensitivity over international criticism and punitive measures. "Beijing wants to give Tehran some face-saving period to reduce tension and avert sanctions," said Jing-dong Yuan, an expert on Asian nonproliferation at the Monterey Institute of International Studies in California. Perhaps the most complicated Asian views on Iran are in India, which also is defensive about foreign concerns over its nuclear program. India has in recent years improved relations with both Iran and the United States, whose President George W. Bush visits this week. Despite the nuclear standoff, New Delhi is looking to secure plans with Iran to build a multibillion-dollar gas pipeline. India voted against Iran at the IAEA, infuriating Prime Minister Manmohan Singh's communist allies, who accused him of kowtowing to the United States. But Arundhati Ghosh, India's former ambassador to the UN Conference on Disarmament, said New Delhi's main motivation for the vote was that "we didn't want to see another nuclear weapons state in the region." The crisis over Iran, which is unique as a Shiite Muslim and Persian nation, cannot be guaranteed to trigger the same waves of sympathy in the Islamic world witnessed during other conflicts in the Middle East. But the historic hostility between Iran and its Sunni-dominated Arab neighbors is a reason for India's concern, Ghosh said. India already has nuclear-armed rival Pakistan on its border. "If Iran as a Shiite country would get nuclear weapons, it would not stop, say, the Saudis. They would not manufacture it, they would buy it," she said. "But it doesn't make us comfortable at all that this sort of chain effect might start." Many analysts see Ahmadinejad gambling that the United States wants to avoid more confrontation in light of the chaos in neighboring Iraq. And for some Asians, particularly Muslims, the low image of the United States will inevitably color their views on the Iranian crisis, whatever their views about Ahmadinejad's fiery brand of Shiite Islam. "The West has never been so strict about Pakistan's or Israel's or other countries' nuclear programs, but they have a much tougher approach in the case of Iran," said Kabir Rangebar, an Afghan member of parliament and political analyst. "This in itself provides the ground for Asian countries not to trust the West's claims," Rangebar said.
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