Arab Today, arab today iran to counter oil sanctions by decreasing prices
Last Updated : GMT 22:53:23
Arab Today, arab today
Arab Today, arab today

Iran to counter oil sanctions by decreasing prices

Arab Today, arab today

Arab Today, arab today Iran to counter oil sanctions by decreasing prices

Tehran - QNA

Iran\'s National Iranian Oil Company (NIOC) plans to counter US and European Union oil sanctions by reducing the oil prices for its customers, Mehr news agency reported Friday. \"Making our oil export prices lower is a winning card for Iran in the times of sanctions,\" the head of the NIOC international department, Mohsen Qamsari, told Mehr. In January, the EU approved an embargo against Iranian oil and a freeze on the accounts of the Iranian central bank in an attempt to force Tehran to suspend its uranium enrichment activities. \"By lowering the prices, we could eliminate many of our competitors from the oil market,\" Qamsari said. Earlier this month there had been reports that Iran offered Asian oil buyers easier credit terms in an effort to counter the sanctions. Qamsari predicted that if the next round of nuclear talks between Iran and the world powers on May 23 in Baghdad failed, the world market would witness an oil price hike. The Western sanctions included an immediate ban on new import contracts. Existing import contracts are to be terminated by July 1. An estimated 18% of Iranian oil exports go to the EU, mainly to Greece, Italy and Spain. The main importers of Iranian oil are India, Japan, South Korea and Turkey.

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 iran to counter oil sanctions by decreasing prices Arab Today, arab today iran to counter oil sanctions by decreasing prices

 



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 iran to counter oil sanctions by decreasing prices Arab Today, arab today iran to counter oil sanctions by decreasing prices

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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 Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
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