Arab Today, arab today iran warns eu will pay a higher cost under oil embargo
Last Updated : GMT 18:31:50
Arab Today, arab today
Arab Today, arab today

Iran warns EU will pay a higher cost under oil embargo

Arab Today, arab today

Arab Today, arab today Iran warns EU will pay a higher cost under oil embargo

Vienna - AFP

Looming EU oil sanctions against Iran will result in a higher cost for Europe, Iranian Oil Minister Rostam Qasemi warned on Thursday ahead of the OPEC cartel\'s latest output meeting in Vienna. \"Of course we might face some problems, but for sure ... the European citizens will pay more costs,\" Qasemi told reporters in Vienna, when asked about the sanctions which will apply from July 1. \"We did tell our European friends: do not take that action... The embargo (is) against the development of the oil industry of Iran.\" Venezuela, meanwhile, added that it has written to OPEC secretary general Abdullah El-Badri to ask for OPEC members to discuss the group\'s relations with the EU at Thursday\'s meeting, in the wake of the Iran sanctions. \"We have sent a communication to the secretary general to have a discussion today on how the relations with the EU\" will be affected, Venezuelan Energy Minister Rafael Ramirez told reporters. The pair spoke ahead of the regular output meeting of the 12-nation Organization of Petroleum Exporting Countries (OPEC), which pumps one third of the world\'s oil. Questioned about whether the EU sanctions would result in reduced output, Qasemi responded: \"Our oil exports remain as before. If the exports reduce, it will still not have any negative impact on Iran. \"We do have the second ranking position of reserves in the world ... do think the world can ignore this energy?\" The European Union is preparing to impose an oil embargo on Iran on July 1, unless diplomatic talks over its disputed nuclear programme see progress. Western countries and Israel believe Iran is trying to develop a nuclear bomb under cover of its civilian programme but Tehran insists its purpose is merely peaceful. In recent months, the United States and ally Israel -- the sole if undeclared nuclear weapons state in the Middle East -- have threatened military strikes against the Islamic Republic if diplomacy fails.

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 warns eu will pay a higher cost under oil embargo Arab Today, arab today iran warns eu will pay a higher cost under oil embargo

 



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 warns eu will pay a higher cost under oil embargo Arab Today, arab today iran warns eu will pay a higher cost under oil embargo

 



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
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
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