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U.S. consults with European partners regarding Iran's ban on oil export

Business Materials 16 February 2012 10:58 (UTC +04:00)
The U.S. is consulting its European partners regarding Iran's ban on oil export, U.S. State Department spokesperson Victoria Nuland said at a daily briefing in Washington.
U.S. consults with European partners regarding Iran's ban on oil export

Azerbaijan, Baku, Feb. 16 /Trend S.Isayev/

The U.S. is consulting its European partners regarding Iran's ban on oil export, U.S. State Department spokesperson Victoria Nuland said at a daily briefing in Washington.

Yesterday, Iranian PRESS TV reported that in response to the latest sanctions imposed by the EU against Iran's energy and banking sectors, the Islamic Republic has cut oil exports to six European countries.

The six countries were Italy, Spain, France, Greece, Portugal and Netherlands. The same day Iran's Foreign Ministry summoned the ambassadors of these EU countries.

Later the news was refuted, as Reuters reported that Iran's Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday.

Reuters also reported that Iran's Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday.

"We deny this report ... If such a decision is made, it will be announced by Iran's Supreme National Security Council," a spokesman for the ministry told Reuters.

Iran's Mehr agency reported that cut oil supply to only France and Netherlands. Spain, Italy, Greece and Portugal were issued an ultimatum, according to which, if the countries do not sign a long-term agreement with Iran in the next two years, the Islamic Republic will cut oil export to those countries.

"With regard to the EU's policies vis-a-vis Iran and oil, EU did on January 23rd, ban any new contracts for Iranian oil imports in line with our global push to encourage countries, particularly allies and partners, to wean themselves from Iranian crude. And they are also in the process of implementing their effort to reduce and cut past ties by July 1st," Nuland underscored.

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