Arab Today, arab today iran warns eu will pay a higher cost under oil embargo
Last Updated : GMT 14:02:48
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

 



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
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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