Iranian denies Europe crude supplies cut.
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Iranian denies Europe crude supplies cut.

Tehrān : Iran | Apr 19, 2012 at 11:37 AM PDT
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EU agrees on Iran oil embargo

The officials of Iran have on Thursday denied to have halted oil export to some number of the EU countries.

While last week, two Iranian state owned news network said Tehran had stopped selling crude Oil to Germany, Greece and Spain, with the promised of sales halt to Italy soon.

Some said it was a pre-emptive measure ahead of an EU embargo on Iranian oil that would takes effect in July.

The EU bloc buys some 20 – 25 percent of Iran's crude exports, oil accounts for most of the Iranian government's revenues.

Meanwhile the Iranian oil Minister, Rostam Qaesemi has contradicted himself just before the press reports, by saying only exports to France and Britain had been stopped.

''For the other countries the exports continues, although there are some financial problems in some certain cases'' he told reporter in Tehran.

The EU bloc sanctions are being phased in to allow member state who want to buy a lot Iranian oil to find alternative sources, which were put in place to persuade Iran to give up it uranium enrichment.

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Adebanjos is based in Seevetal, Niedersachsen, Germany, and is a Reporter for Allvoices.
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READ MORE: Iran crude oil, Sanctions Against Iran, Business Finance, Rostam Qaesemi, World politics, USA, eu sanctions
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