Arab Today, arab today threats of oil sanctions against iran harm opec
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Threats of oil sanctions against Iran harm opec

Arab Today, arab today

Arab Today, arab today Threats of oil sanctions against Iran harm opec

Tehran - Fna

A senior Iranian lawmaker called on the Organization of Petroleum Exporting Countries (OPEC) to counter EU\'s sanctions efforts against Iran\'s oil sector, warning that the US-led efforts against Iran\'s oil exports could also damage the reputation of the oil cartel. \"Iran is one of the unique members of OPEC with years of activity in this organization, which has made decisions crucial to OPEC\'s fate,\" member of the Parliament\'s Energy Commission Majid Naserinejad. \"OPEC should never be influenced by the world powers\' ploy,\" he said, and called on the oil cartel to defend Iran as one of its members. \"All international bodies and institutions support their members,\" he said, and added, \"The atmosphere of sanctions against Iran will definitely harm OPEC\'s credit.\" Naserinejad at the same time underscored Iran\'s ability to supply its own people\'s needs thanks to its rich energy resources and regardless of all the restrictions and sanctions imposed on the country by the West. The price of crude oil moved back above $95 Tuesday morning amid renewed concerns over supplies from Iran, after the OPEC member said crude production had dropped. Light Sweet Crude Oil (WTI) futures for February delivery, the most actively traded contract, gained $1.11 to $95.16 a barrel. Meantime, Iran\'s Oil Minister Rostam Qassemi said last week that his Saudi counterpart has vowed that if the western, specially the European, states ban Iranian oil imports, Riyadh would not replace Tehran as their source of crude supplies. Qassemi made the remarks on the sidelines of the 160th ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. Going into a closed-door talks of the OPEC member states, Qassemi said he had met with Saudi counterpart Ali Naimi and gained a pledge that the Saudis would refrain from flooding the market with extra oil in case an international embargo on Iranian crude hurt Tehran\'s ability to sell its petroleum. The US is reportedly seeking Saudi assurances that they are ready to make up for Iranian crude lost from the market should increased international sanctions be imposed on Tehran\'s crude. Qassemi said he spoke to Naimi and Naimi \"rejects\" the notion \"that he wants to replace Iranian crude if Iran faces (such) sanctions\".  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today threats of oil sanctions against iran harm opec Arab Today, arab today threats of oil sanctions against iran harm opec

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today threats of oil sanctions against iran harm opec Arab Today, arab today threats of oil sanctions against iran harm opec

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday