SACRAMENTO, CA – In light of media reports that some of the world’s largest oil companies are engaged in the Iranian oil-export business, an industry that generates nearly half of the country’s revenue but that is not targeted by any current sanctions against Iran, U.S. Senate candidate Carly Fiorina today issued the following statement renewing her call for Congress to reconcile and pass the Iran Refined Petroleum Sanctions Act swiftly:
“Iran exports some 2 million barrels of oil a day, and the country’s oil-export business generates nearly half its government’s revenues. Yet neither the existing sanctions nor the proposed sanctions being considered by the United Nations address this lucrative industry.
“Iran is the world’s leading state sponsor of terrorism, and it continues its efforts to export its revolution. The regime’s acquisition of nuclear weapons capability would pose a grave and direct threat to the national security of the United States and our allies in the Middle East, Europe and Asia, destroy the fabric of the Nuclear Nonproliferation Regime and deeply undermine global stability.
“We can no longer afford to bypass the opportunity to implement crippling sanctions against Iran, including against its oil-export business. The United States must demonstrate its willingness to act swiftly and decisively – even if it would mean initially acting alone – to persuade the regime to suspend its nuclear program. As is so often the case, Barbara Boxer has shown no leadership in standing up to Iran, and the Iran Refined Petroleum Sanctions Act bills continue to languish in the House and Senate. I again call on our leaders in Congress to act swiftly to reconcile the Iran Refined Petroleum Sanctions Act and present the bill to the president for his signature.”