Iran cuts oil export to 6 European states ‎

[Ares]

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.


Iran on Wednesday cut oil exports to six European countries including the Netherlands, Spain, Italy, France, Greece and Portugal.


http://www.presstv.ir/detail/226807.html

[Canadian-guerilla]

interesting chess move by Iran

more ammunition for the warhawks and just brings the world closer to a ME war

[7th trump]

interesting chess move by Iran

more ammunition for the warhawks and just brings the world closer to a ME war
Naaaa!
Saudi will be more than happy to get the bussiness.

[EE_]

That could be considered an act of war!
Someone should get in there and kill/maim all the Iranian women and children over this!

[Large Sarge]

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.


Iran on Wednesday cut oil exports to six European countries including the Netherlands, Spain, Italy, France, Greece and Portugal.


http://www.presstv.ir/detail/226807.html

lets see,

is it a coincidence that oil gets cut from some of the worst Euro states economically (PIIGS)?
P Portugal
I Italy
G Greece
S Spain

Just missing Ireland, and Ireland probably sources their oil elsewhere

pretty big coincidence IMO

[Ares]

Iran denies reports on EU oil export cuts

Iran's Oil Ministry has refuted media reports on the country stopping its crude exports to six EU nations on Wednesday.

"We deny this report… If such a decision is made, it will be announced by Iran's Supreme National Security Council," a spokesman for the ministry told Reuters.

The European Commission has "absolutely no information" about the news and will check it, said the spokesman for Foreign Policy, Michael Mann.

The initial news from Tehran nonetheless sent Brent crude prices up nearly $2 a barrel to $119.28, hitting a six-month high.

Iran’s state Press TV first reported that Tehran had cut off crude supplies to Spain, Italy, Greece, Portugal, France and the Netherlands. That would have fulfilled Iran's threat to retaliate for the EU’s oil embargo, agreed by the bloc in January.

But then the news was reduced to the Iranian Foreign Ministry notifying the ambassadors of the six EU countries of the upcoming oil blockade.

Out of the listed nations, Italy, Spain and Greece account for up to 68 per cent of Iranian oil consumed in Europe. Half of Spanish and a third of Greek oil imports come from that country. The Spanish ambassador to Iran has voiced concerns that Tehran’s preemptive oil action would deliver a heavy blow to Madrid’s staggering economy.

The EU's 27 member states adopted the oil embargo against Tehran on January 23. It immediately banned new oil deals with Iran and implemented a total boycott of Iranian oil from July 2012. The EU embargo followed tough US sanctions approved earlier last month. Taken together, they remove 2.6 million barrels of oil from international markets, as Iran is the world’s third-largest oil exporter, only behind Saudi Arabia and Russia.

Western leaders insist Iran is on a dangerous path towards acquiring nuclear weapons and demand it halts its program. Tehran consistently denies such ambitions, saying its nuclear intentions are civilian, not military.

Meanwhile, Iran has taken the final step to complete the nuclear fuel cycle. On Wednesday, Iran's President Mahmoud Ahmadinejad inserted the first Iranian-made nuclear fuel rod into the reactor in north Tehran, reported the official news agency IRNA. The ceremony, broadcast live on the state TV, showed nuclear experts briefing Ahmadinejad on the process.

http://rt.com/news/iran-oil-eu-emabrgo-381/

[Neuro]

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.


Iran on Wednesday cut oil exports to six European countries including the Netherlands, Spain, Italy, France, Greece and Portugal.


http://www.presstv.ir/detail/226807.html
F'n PIGS!

[Neuro]

Given this:


The EU's 27 member states adopted the oil embargo against Tehran on January 23. It immediately banned new oil deals with Iran and implemented a total boycott of Iranian oil from July 2012. The EU embargo followed tough US sanctions approved earlier last month. Taken together, they remove 2.6 million barrels of oil from international markets, as Iran is the world’s third-largest oil exporter, only behind Saudi Arabia and Russia.

It is perfectly sensible that Iran reserves it's oil to countries that haven't imposed sanctions against it. Probably unlikely Iran is going to get paid from the EU-countries. I would imagine they block the funds. China and India don't mind buying Iranian oil...

[gunDriller]

lets see,

is it a coincidence that oil gets cut from some of the worst Euro states economically (PIIGS)?
P Portugal
I Italy
G Greece
S Spain

Just missing Ireland, and Ireland probably sources their oil elsewhere

pretty big coincidence IMO

in the middle of a very cold winter.

on the other hand, they're Iran's reserves - they can do whatever they want.

based on the way they've been treated, they are being super-patient. Israel salivates over the thought of Iran providing the slightest provocation.

[osoab]

Israel salivates over the thought of Iran providing the slightest provocation.


Izzy along with their zio-gov counterparts.

I was watching briefly some c-span last night with Panetta in front of the Senate Armed Services Committee.
Both he and the rest of the fucksticks want preventative action against Iran concerning nuclear activity.

They only concentrated on Iran getting nukes and giving them to terrorists. I never heard civilian uses of nuclear technology being brought up.

[Large Sarge]

maybe Iran cutting fuel is the implied threat if those countries try to default, or do a trick like iceland did....?

just find it odd that so many of the PIIGS are getting their fuel cut.....

[osoab]

I have been looking for hard numbers on where Iran's oil is exported.

This is the best I can find as of now. From zio-pedia. (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran)




In 2010, Iran, which exports around 2.6 million barrels of crude oil a day, was the second-largest exporter among the Organization of Petroleum Exporting Countries (https://en.wikipedia.org/wiki/Organization_of_Petroleum_Exporting_Countries).[5] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-WSJDec192011-4) Several major emerging economies depend on Iranian oil: 10% of South Korea’s oil imports come from Iran, 9% of India’s and 6% of Chinese.[7] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-FPdec192011-6) Moreover, Iranian oil makes up 7% of Japan’s and 30% of all Greek oil imports.[7] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-FPdec192011-6) Iran is also a major oil supplier to Spain and Italy.[5] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-WSJDec192011-4) In the same year, officials in Iran estimate that Iran's annual oil and gas revenues could reach $250 billion by 2015 once the current projects come on stream.[24] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-23)

According to IHS CERA estimate, oil revenue of Iran will increase by a third to USD (https://en.wikipedia.org/wiki/USD) 100 billion in 2011 even though the country is under an extended period of U.S. (https://en.wikipedia.org/wiki/U.S.) sanctions.[7] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-FPdec192011-6) As of January 2012, Iran exports 22% of its oil to China, 14% to Japan, 13% to India, 10% to South Korea, 7% to Italy, 7% to Turkey, 6% to Spain and the remainder to France, Greece (& other European countries), Taiwan, Sri Lanka, South Africa.[25] (https://en.wikipedia.org/wiki/Petroleum_industry_in_Iran#cite_note-24)