Iran suspends oil exports to Britain and France

Jan 19, 2012 12:00 AM

Iranian Oil Minister Rostam Qasemi has instructed the National Iranian Oil Company to suspend oil exports to Britain and France. Iranian Oil Ministry spokesperson Ali Reza Nikzad-Rahbar confirmed the report, saying, “Crude exports to British and French companies have been halted. We have our own oil customers”.
On January 29, the Iranian oil minister announced that Iran would cut oil exports to 'certain countries' in the near future in response to the oil embargo that the European Union imposed on the Islamic Republic on January 23.

Iranian MP Nasser Soudani, who is a member of the Majlis Energy Committee, said that Iran may halt oil exports to a number of other EU countries in the future.
“All scenarios are on the table,” Soudani stated, adding, “Correspondence has been exchanged with certain European countries, and they have been asked to reconsider their hostile decisions toward Iran.”

Hassan Tajik, the director of the Iranian Foreign Ministry’s Western Europe Department, held separate meetings with the ambassadors of Italy, Spain, Portugal, Greece, the Netherlands, and France on February 15, in which a range of issues, including the oil embargo, were discussed.
“We have made efforts to… inform the European people of the fact that European governments themselves will be responsible for the consequences of the decision,” Tajik said at the time.

The Iranian parliament has prepared a plan calling for a halt to Iran’s oil exports to the European Union states that voted for sanctions on the country’s oil industry, which will reportedly be discussed in the parliament after Iran’s next parliamentary election, which is scheduled to be held in March.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« April 2019 »
April
MoTuWeThFrSaSu
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30

Register to announce Your Event

View All Events