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Iran's petroleum products exporters ready to embargo Europe

Iran Materials 21 February 2012 15:58 (UTC +04:00)

Azerbaijan, Baku, Feb. 21/ Trend M. Moezzi

A day after Iran stopped selling crude oil to France and Britain, the head of the country's petroleum product exporters said his group is ready to halt its exports to Europe.

If the government requests it, private companies are ready to stop selling their products to European countries that have imposed sanctions on Iran said Hasan Khosrojerdi, head of the Iranian Oil, Gas & Petrochemical Products Exporters' Association (OPEX).

On the other hand, OPEX members can help the government evade sanctions against the National Iranian Oil Company (NIOC) by selling oil and petroleum products to European countries, said Mr. Khosrojerdi.

Iran cut off its oil sales to France and Britain in response to sanctions imposed against Iran. In late January the EU's foreign ministers agreed to stop buying oil from Iran after current contracts run out by July 1. The West's measures are part of an effort to make Iran reveal more about its nuclear programme which it says is peaceful and civilian, while the U.S. and its allies contend it is not.

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