EU Adviser: Europe can’t refuse from Iranian oil for long time

Azerbaijan, Baku, November 24 / Trend, T. Jafarov /

European countries can abstain from Iranian oil only for a short period of time, Mehrdad Emadi, the EU Adviser for economic issues, said.

"A growth of oil supplies is observed at the moment. Except for the UK, oil and gas reserves of the rest European countries are high. Thus, European countries, after having imposed sanctions against Iranian oil, will be able to abstain from buying it for the nearest half a year or one year, but such can not last long," Emadi told Trend on Thursday.

As Reuters reported, French Foreign Ministry's Spokesman Bernard Valero stated on Tuesday that official Paris is in talks with its allies over the possibility of introduction of wide-scale sanctions against the Iranian Central Bank and oil trade.

"Official Paris thinks tough sanctions should be imposed against Iran to make the Islamic Republic take the strategic decision to join the talks and observe its international commitments," Valero reported.

As viewed by Emadi, the sanctions European countries will impose against Iranian oil industry will cause a rise of oil prices.

The Adviser believes that the sanctions will do damage to both sides. "Sanctions do damage to both sides. On one hand, they damage EU businesses and export sector, and on the other hand, they hurt the Iranian economy in a more centralized form," Emadi reported from London by telephone.

The reports on operation of different branches Iran has been providing over the recent years very much trouble the EU three leading countries: Germany, France, and the UK, he added.

In the opinion of Emadi, threatening statements of some Iranian military commanders are another reason causing concerns of European countries.

The United States and Western countries charge Iran of having developed nuclear power for military purposes under the cover of peace atomic program and explore the opportunity of imposing new sanctions against Iran. So far, the UN Security Council adopted six Resolutions on Iranian nuclear program, including the one aimed at suspension of uranium enrichment process. The latest Resolution - #1929 - was adopted in June 2010. Besides, the EU and the United States then imposed tough sanctions against Iran.

According to international news reports, the EU is expected to approve the tightening of sanctions against 200 Iranian officials and different companies at a meeting of the EU Foreign Ministers to take place on December 1, 2011.

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