• 2 minutes Rational analysis of CV19 from Harvard Medical School
  • 4 minutes While U.S. Pipelines Are Under Siege, China Streamlines Its Oil and Gas Network
  • 7 minutes Renewables Overtake Coal, But Lag Far Behind Oil And Natural Gas
  • 29 mins Joe Biden the "Archie Bunker" of the left selects Kamala Harris for VP . . . . . . Does she help the campaign ?
  • 22 hours China wields coronavirus to nationalize American-owned carmaker
  • 27 mins Trump Hands Putin Major Geopolitical Victory
  • 1 day Open letter from Politico about US-russian relations
  • 16 hours COVID&life and Vicious Circle: "Working From Home Is Not Panacea For Virus"
  • 12 mins Those Nasty White People and Camping Racism
  • 5 hours Brent above $45. Holding breath for $50??
  • 2 days US will pay for companies to bring supply chains home from China: Kudlow - COVID-19 has highlighted the problem of relying too heavily on one country for production
  • 15 hours Oil Tanker Runs Aground in Mauritius - Oil Spill
  • 1 hour The Truth about Chinese and Indian Engineering
  • 4 days Trumpist lies about coronavirus too bad for Facebook - BANNED!
  • 2 days Trump is turning USA into a 3rd world dictatorship
  • 3 days Liquid Air Battery
  • 3 days What the heroin industry can teach us about solar power (BBC)
Controversial Nuclear Plant In Belarus Nears Completion

Controversial Nuclear Plant In Belarus Nears Completion

Belarus’ controversial Russian-built nuclear power…

Iran Continues to Cut its Oil Exports to European Countries

Iran used to count Britain, France, Spain, the Netherlands, Greece, Germany, Italy and Portugal amongst its European customers. However when the EU and US sanctions were announced back in January, Tehran said it would enact its own sanctions immediately, before European countries lined up alternative suppliers.

Britain and France were the first to feel Iran’s riposte earlier in the year when all Iranian imports to the two countries were halted.

On Tuesday Ahmadinejad announced that they had cut off all oil sales to Greece and Spain as part of their pre-emptive retaliation.

Today Germany has been added to the list, and now the Persian State has contacted Italy’s refineries to demand long term contracts or face a similar fate to its European brethren.

Press TV, an English language network based in Tehran, has said that apart from the European countries, Iran also has plans to ban exports to 100 European companies.

The whole situation has arisen due to Iran’s uranium enrichment program, which the West fear is intended for fuelling nuclear weapons, although Iran continues to promise that their plans are purely peaceful. Talks between Iran and the UN Security Council, plus Germany, are set to resume on Saturday in an attempt to settle the argument over the nuclear program.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment
  • minimos on April 12 2012 said:
    I doubt Iran and west settle the argument this easy. The friction between Iran & west is fundamental. The issue is not enriching uranium. Iran is trying to reach hi-thech industries while west disagree with this.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News