Sunday, January 29, 2012

Iran to end oil exports to some states



Iran's Oil Minister Rostam Qasemi

Source: Press TV
http://www.presstv.ir/detail/223795.html

Iran's Oil Minister Rostam Qasemi says the Islamic Republic will soon stop crude oil exports to certain countries in the wake of the European Union's decision to ban imports of oil from Iran.

Speaking to reporters after a cabinet meeting in the capital Tehran on Sunday, Qasemi said less than 20 percent of Iran's crude oil is currently being exported to Europe and that Iran has no problem in selling its oil to a market other than the EU.

Managing Director of the National Iranian Oil Company (NIOC) Ahmad Qalebani said Sunday crude oil prices could reach USD150 a barrel in the aftermath of the EU sanctions on Iran's oil exports.

He said global economic and business blocs will experience tremendous shocks because of the embargo on Tehran and the West will suffer the most from the measure.

Meanwhile, Majlis is due to debate a bill this week that would cut off oil supplies to the EU in a matter of days, in response to the 27-member bloc's decision to stop importing crude oil from Iran as of July.

European Union foreign ministers agreed to ban oil imports from Iran on January 23 and to freeze the assets of the Iranian Central Bank across the EU.

The European Union also imposed a ban on the sale of grains, gold, diamonds, and other precious metals to Iran.

EU Foreign Policy Chief Catherine Ashton said the sanctions are aimed at pressuring Iran to return to talks over the nuclear program.

The embargo followed an earlier announcement by Ashton, who said the P5+1 group -- comprising the US, the UK, Russia, France, China and Germany -- was ready to resume nuclear talks with Iran.

Russian foreign ministry described the Iranian oil embargo as a "deeply mistaken" move, which would not encourage Tehran to return to the negotiating table.

No comments:

Post a Comment

Thanks for commenting on this post. Please consider sharing it on Facebook or Twitter for a wider discussion.

Russian / Ukraine War - (Mar 08th, 2024)

How the Ukraine War Changed the World - (Mar 01st, 2024)

Redacted - Egypt's betrayal of Palestine - Vanessa Beeley

CrossTalk | Magical thinking - (Feb 28th, 2024)

Hillary Clinton Interrupted & Called Out in Berlin

We don’t want war with Israel, but if they impose it on us, we are ready – Hezbollah

ICJ delivers ruling in favour of South Africa

ICJ ruling | Court stops short of ordering Gaza ceasefire, demands that Israel prevent genocide

South Africa's Closing Argument Against Israel for Genocide at the ICJ

Wider Middle East war. US, UK strike Yemen

U.S., UK Start Another Unwinnable War In Yemen

Geopolitical Storm Brewing from Palestine to Ukraine

How the US Global Order is Challenged - With Pepe Escobar (Nov 20, 2023)

Shahid Bolsen - Message to the Israeli people

Roger Waters - To Whom It May Concern: Please Stop.

US policy slowing down China's economy w/ Jeffrey Sachs

Max Blumenthal s destroys RFKJr's outrageous Israelí Propaganda

Totalitarianism, Censorship and Syria with Peter Lavelle, Vanessa Beeley & Kevork Almassian

Putin shows treaty on Ukraine’s neutrality, signed by Kiev but dumped under Western pressure

Assad's speech at the Arab League Summit - what it means for the future of the region

Assad returns to Arab League

HUGE China brokered deal, Iran & Saudi Arabia restore diplomatic ties

Nord Stream pipeline & sabotaging peace w/Jeffrey Sachs

The Tragedy of Ukraine

Historical Events that Led to the Start of the Ukraine Conflict

Your Wars Will Destroy the Planet - Roger Waters

Healthy Athletes suffer Heart Problems After Getting the Jab