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Malaysia to stop oil imports from Iran

Iran Materials 24 March 2012 07:42 (UTC +04:00)
Prime Minister Najib Razak said Malaysia will halt imports of crude oil from Iran, state media reported Saturday, dpa reported.
Malaysia to stop oil imports from Iran

Prime Minister Najib Razak said Malaysia will halt imports of crude oil from Iran, state media reported Saturday, dpa reported.

"It's (oil import from Iran) only a small amount," official news agency Bernama quoted Najib as saying Friday.

A report quoting sources from national oil company Petronas said it will stop imports of crude from Iran in April, two months before a US embargo takes effect.

The south-east Asian country is estimated to import between 50,000 to 60,000 barrels per day of Iranian crude oil.

Malaysia apparently bowed to the pressure from the United States and the European Union that want to punish Iran for its nuclear programmes.

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