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Iran Oil Ministry: Exports Cut To Britain, France

By ALI AKBAR DAREINI 02/19/12 07:03 PM ET AP

Iran Oil

TEHRAN, Iran — Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports.

The EU imposed tough sanctions against Iran last month, which included a freeze of the country's central bank assets and an oil embargo set to begin in July. Iran's Oil Minister Rostam Qassemi had warned earlier this month that Tehran could cut off oil exports to "hostile" European nations. The 27-nation EU accounts for about 18 percent of Iran's oil exports.

However, the Iranian action was not likely to have any significant direct impact on European supplies because both Britain and France had already moved last year to sharply curtail oil purchases from Tehran to less than 3 percent of their daily needs.

The EU sanctions, along with other punitive measures imposed by the U.S., are part of Western efforts to derail Iran's disputed nuclear program, which the West fears is aimed at developing atomic weapons. Iran denies the charges, and says its program is for peaceful purposes.

The spokesman for Iran's Oil Ministry, Ali Reza Nikzad-Rahbar, said on the ministry's website Sunday that "crude oil exports to British and French companies have been halted."

"We have our own customers and have no problem to sell and export our crude oil to new customers," he said.

Britain's Foreign Office declined comment, and there was no immediate response from French officials.

The semiofficial Mehr news agency said exports were suspended to the two countries Sunday. It also said the National Iranian Oil Company has sent letters to some European refineries with an ultimatum to either sign long-term contracts of two to five years or be cut off.

Mehr did not specify which countries were sent the ultimatum, but Spain, Italy and Greece are among Europe's biggest buyers of Iranian oil.

Iran's targeting of Britain and France appeared to be a political decision to punish the two countries for supporting tougher sanctions against Iran over its nuclear program.

Sunday's announcement follows a flurry of contradictory signals by Iran about backlash against the EU for imposing a boycott on Iranian oil.

Last week, state media said Iran was planning to cut off oil exports to six EU nations, including France, but later reports said the nations were only told that Iran has no problem finding replacement customers for the European shipments.

The EU sanctions, imposed last month, were part of Western efforts to target Iran's critical oil sector in attempts to rein in Tehran's nuclear program.

Also on Sunday , the secretary general of Iran's central bank said a decision by SWIFT, an international banking clearinghouse used by nearly every country and major corporation in the world, to shut Iran out from its respected network will not harm the country.

"The country will not face any problems as a result of the SWIFT measures," Mahmoud Ahmadi was quoted as saying by the official IRNA news agency. He added that Iran has been "pursuing alternative solutions" since Western nations imposed sanctions on Tehran. He did not elaborate.

SWIFT said in a statement on its web site Friday that it will comply with expected instructions from the EU to cut off Iranian banks. SWIFT has previously brushed off international efforts to use its network to target countries or companies, telling enforcers that it does not judge the merits of the transactions passing through the portal.

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TEHRAN, Iran — Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on I...
TEHRAN, Iran — Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on I...
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HUFFPOST SUPER USER
rodneyvgt
08:54 PM on 02/20/2012
would be nice to have that oil from Canada now
02:24 PM on 02/20/2012
Iran's actions against Britain and France is only fair--reciprocal--what is fair is fair. Who can hold out longest will remain to be seen: Iran or Europe?
10:26 PM on 02/20/2012
The Brits and French will get it from other sources like the Saudis. The Iranians will run out of sources to sell to without deeply discounting.
10:47 PM on 02/20/2012
China should do very well of buying more Iranian oil, and without too much competition in the oil markets.
HUFFPOST SUPER USER
ergoguru
01:55 PM on 02/20/2012
funny how the new york times and washington post have had little to say about the gas prices we are facing, seems to me they had no problem in 2008 bringing up the subject when bush was in office, got to love the unbiased journalism we have here in the USA
if you ever wondered what its like to have a censored media like china, look no further, your getting a taste of it here in america
10:30 PM on 02/20/2012
So convenient to forget gas prices were so much cheaper under Bush. Fanned.
10:55 PM on 02/20/2012
Cheaper?
You forgot about the $4.00+ a gallon under Bush.
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HUFFPOST SUPER USER
celtcalgal
alba gubrath
01:51 PM on 02/20/2012
My country Scotland has oil in the North Sea.
hank101
do you realy believe all that -----
01:24 PM on 02/20/2012
That must be great news for Russia whos oil industry has been realy cranking up. That will
help them realy develop their industry.
01:11 PM on 02/20/2012
If Obama would just let us drill here, we would be happy to sell oil to Europe. Problem solved.
hank101
do you realy believe all that -----
01:27 PM on 02/20/2012
You realy do need to get out from under that rock. Oil production in the US is the highest
its been in 8 years. And oil wast the number export from the US last year. But you are
an uninformed con-sertative, oh well.
02:43 PM on 02/20/2012
I have never lived under a rock and I an aware that oil production here is up. I am talking about expanding that to share with with our European friends to fill in the gap left by Iran. I forgive you the insult because I understand that is what Liberals do best when confronted with an idea that goes against their propaganda agenda.
12:53 PM on 02/20/2012
here's a question for anyone.
in 2008, crude oil was $150 a barrel.....gas was price at the pumps here at 4.25. now crude under this administration is $100 a barrel, and today down the street it was 4.15. any know why its 2/3rds the cost but the same pump price? ....... thanks obama.
hank101
do you realy believe all that -----
01:29 PM on 02/20/2012
Thank the Koch Bros. they have the biggest oil future exchange on Wall St. did you think
they were giving money to the T/baggers for free.
HUFFPOST SUPER USER
rodneyvgt
08:57 PM on 02/20/2012
dont worry the price will keep going up thats what dems and libs want
HUFFPOST SUPER USER
YogiBear53
Atlas IS shrugging.
11:58 AM on 02/20/2012
Iran's desperate to have a nuclear device. 70 years after the invention of the technology they are almost there - like , wow. I bet the kids at Stanford could have put one together faster.

The fact is that if Iran ever used one, five minutes later 300 nuclear missles would be inbound to Tehran. Fifteen minutes later the Iranian problem would be all over.

Here's my forecast - once Iran has a nuclear device, some foreign country will sneak in and detonate it to make a point.
02:26 PM on 02/20/2012
You only need one nuclear bomb to destroy Tehran--300 nuclear bombs is a bit of a overkill.
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philliplojek
Irritating liberals one at a time.
11:41 AM on 02/20/2012
Did you know the French military only uses their tanks for parades?
01:12 PM on 02/20/2012
Doesn't surprise me in the least.
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philliplojek
Irritating liberals one at a time.
10:43 AM on 02/20/2012
Did you know that French generals work on surrender plans before battle plans when France is forced to enter a war?
hank101
do you realy believe all that -----
01:31 PM on 02/20/2012
Did you know the supidest people post on here and dont have a clue what they are talking
about...You just made my point.
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philliplojek
Irritating liberals one at a time.
02:24 PM on 02/20/2012
Some have spelling, punctuation and grammar problems. You just made my point.
10:35 PM on 02/20/2012
Lol. Learn how to spell first.
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HUFFPOST SUPER USER
celtcalgal
alba gubrath
01:56 PM on 02/20/2012
Did you know that the French Resistance Movement had some of the bravest people in it during World War 2.
photo
philliplojek
Irritating liberals one at a time.
02:25 PM on 02/20/2012
Chuckle, chuckle.
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philliplojek
Irritating liberals one at a time.
10:41 AM on 02/20/2012
Did you know that upon entering the French military, the soldier is issued a white flag before a rifle?
photo
philliplojek
Irritating liberals one at a time.
10:13 AM on 02/20/2012
Did you know that the French military knows how to say "I surrender" in 61 different languages?
This user has chosen to opt out of the Badges program
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09:54 AM on 02/20/2012
...and in other news, gasoline, energy, and grocery prices sore to a record high...YADA YADA YADA

I wonder if anyone anywhere really has the desire to change this song.
HUFFPOST SUPER USER
davidcpasq
what's right is right
11:33 AM on 02/20/2012
a good start would have been for the current administration to approve the XL pipeline from Canada to the US
hank101
do you realy believe all that -----
01:32 PM on 02/20/2012
The Koch Bros has spent millions on politons to get it done...aint gonna happen.
let them build it across canada.
09:07 AM on 02/20/2012
More and more I like the idea of preventing iran from exporting oil to any country...Shut em down and let the rags eat sand and drink oil!! Put up a blockade and let them sell to nobody...And we can watch their "navy" respond!! LOL!
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PermanentVacancy
Those who do not move, do not notice their chains.
09:18 AM on 02/20/2012
Instead lets block your room and let u sit in it and starve to death... LOL We can televise it too.. LOL Oh, what fun!
hank101
do you realy believe all that -----
01:33 PM on 02/20/2012
sounds like a plan. but the repubs want to invade. wah wah wah..
04:43 AM on 02/20/2012
the Mullahs regime has walked himself into the mouse death trap and has no way out.
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PermanentVacancy
Those who do not move, do not notice their chains.
09:19 AM on 02/20/2012
China, India, Japan and many others continue to buy Iranian oil. It won't hurt Iran, but will certainly hurt the European economy and its people.
hank101
do you realy believe all that -----
01:34 PM on 02/20/2012
Russia has more and gas than Iran and Iraq, and would be glad to take up the slack.
02:16 PM on 02/20/2012
may be and nothing will hurt the Mullahs regime but the ordinary Iranian people except the supporters of the regime who have mass pocketed the Iranian national wealth over 33 years and if you think it will not hurt the ordinary Iranian dissident who are so afraid and keep the prayers when they take an internal air flights with the 50 years old Boeing 727 hoping it won't fall out of sky and or inflated sky rockets food and other necessitates .