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Showing posts with label IAEA. Show all posts
Showing posts with label IAEA. Show all posts

Sunday 27 January 2013

Iran responds to EU oil and gas sanctions with… oil and gas sanctions

Iran has slapped a ban on oil and gas exports to the European Union, even though the EU has already forbidden Iranian petrochemicals from entering its territory.
Despite many requests by EU countries on buying oil and gas from Iran, Iran will not sell any oil and gas to those countries, Oil Ministry Spokseman Alireza Nikzad Rahbar told the official Mehr news agency.
It is not clear what “requests” Nikzad Rahbar was referring to, as the EU stopped importing crude oil in July last year, and gas under the latest round of sanctions that came into force earlier this month.
It comes as fresh restrictions are being  implemented  by the EU, preventing Iranian banks from dealing with Europe, unless for humanitarian purposes. The embargoes are aimed at hindering Tehrans nuclear program, which Brussels believes is aimed at developing a nuclear weapon.

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