EU not to lack oil if Iran stops supplies
Azerbaijan, Baku, Feb. 15 / Trend A.Badalova/
The European Commission does not consider any extraordinary energy security plans in case of unexpected cessation of oil imports from Iran, Interfax reported.
"We can get oil at international markets. Saudi Arabia is ready to increase production volumes," the European Commission's spokesperson Marlene Holzner said at the briefing on Wednesday.
She said that the EU members states stated that they will use other supply sources.
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 are Italy, Spain, France, Greece, Portugal and Netherlands. Earlier today, Iran's Foreign Ministry summoned the ambassadors of these EU countries.
The EU formally imposed an oil embargo on Iran and agreed to a freeze on the assets of the Iranian Central Bank on January 23, but existing contracts will be honored until July 1.