EconomyEuropeIran

Iran stops oil export to EU

307448_orig Iranian Oil Ministry Spokesman says Iran has stopped oil and gas exports to EU countries in what he calls ‘preemptive sanction.’
With US and EU new sanctions on Iran’s oil and gas industries to take effect soon, Iran National Oil Ministry has stopped exports of oil and gas in advance of the sanction.

According to the announcement, while export of crude oil and liquefied gas has been increased to most other countries, their [crude oil and liquefied gas] export to EU 27 member states has been banned.

Alireza Nikzad Rahbar told Mehr News Iran has stopped oil and gas exports to EU for its hostile decisions against Iran until further notice.

Oil Ministry Spokesman asserted that “despite many requests by EU countries on buying oil and gas from Iran, Iran will not sell any oil and gas to those countries.”

“Currently, Iranian crude oil production and exports are in normal conditions,” he added, and that “after a year of hostile oil sanctions by US and EU, oil exports have not been affected much.” He added “Instead, Iran has signed new contracts with other world oil companies to export oil and gas.”

He pointed to Iran’s second place in OPEC list of oil producing countries, and said that “Oil Ministry has planned different scenarios to handle any oil sanctions by Western countries, and will implement them when necessary.”

Back to top button