Austria underwrites enemy in Tehran

Reuters/NY Times:

Iran signed a major gas development and production agreement with Austrian energy group OMV on Saturday, official Iranian media reported.

State radio estimated the total value of the deal at $18 billion but other Iranian media did not mention any figures.

OMV officials in Tehran declined comment on the reports, saying information would be made available later on Saturday.

Iran sits atop the world's second-largest gas reserves after Russia but politics, sanctions and construction delays have slowed the country's gas development and analysts say it is unlikely to become a major exporter for a decade.

The United States has urged its allies not to invest in Iran as part of a campaign to force Tehran to stop its nuclear programme. Washington is concerned the programme is aimed at making atomic bombs but Iran says it is meant for electricity production so that it can export more of its valuable oil and gas.

...

He said OMV would take a 10 percent stake in the new plant, from which it would buy 10.2 million tonnes of LNG per year. The report did not give details on when construction would start.

The IRNA news agency said Iran would deliver five billion cubic metres of natural gas per year to Europe via the planned Nabucco pipeline, a 4.6 billion euro project to transport gas from Turkey to Austria. OMV heads the Nabucco consortium.
There is nothing quite like underwriting your enemy's investment in your destruction. This deal will give Iran money to subsidize terror attacks and invest in nuclear weapons to use against Europe and the Middle East. Austria was also the supplier of sniper rifles that Iran supplied to its forces in Iraq for killing Americans. Austria's acts of supporting hostile regimes should be noted by Americans when it comes to commercial transactions and when it comes to request for our aid.

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