Iran stops oil sales to British, French companies

Published on Sun, Feb 19, 2012 at 18:52 |  Source : Reuters

Like this story, share it with millions of investors on M3
0
0
Share on Tumblr

TEHRAN (Reuters) - Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday.

"Exporting crude to British and French companies has been stopped ... we will sell our oil to new customers," spokesman Alireza Nikzad was quoted as saying by the ministry of petroleum website.

The move appeared to be in retaliation for a decision by the European Union in January to stop importing crude from Iran from July 1 over its disputed nuclear programme, which the West says is aimed at building bombs. Iran denies this.

Iran's oil minister said on February 4 that the Islamic state would cut its oil exports to "some" European countries.

"We have our own customers ... The replacements for these companies have been considered by Iran," Nikzad said.

(Writing by Parisa Hafezi; Editing by David Cowell)

  

Trending News

Business News

ICS update for Samsung Galaxy S II now available in India!
Where will plunging euro go from here? "Where will plunging euro go from here?"

Will quit if Team Anna's charges are proved: PM

Finaport Says On CNBC-TV18 Expect Short-term Oversold Relief Rally In US

The latest earning numbers FIRST on CNBC-TV18
Videos

May 30 2012, 11:18

Result corner: Ajay Bodke`s top bets from across sectors

- in MARKET OUTLOOK

Interviews

May 30 2012, 11:23 | Source: CNBC-TV18

Expect new order inflow of Rs 8500cr in FY13: NCC  

May 30 2012, 10:36 | Source: CNBC-TV18

Pantaloon's stake sale in co at final stage: Future Cap  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!