iran warns saudis as oil sanctions debate deepens
Last Updated : GMT 17:26:59
Arab Today, arab today
Arab Today, arab today

Iran warns Saudis as oil sanctions debate deepens

Arab Today, arab today

Arab Today, arab today Iran warns Saudis as oil sanctions debate deepens

Tehran - AFP

Iran warned Saudi Arabia on Tuesday to rethink an offer to make up for oil lost to world markets as a result of threatened curbs on its exports as diplomats said an EU embargo may be in force by July. Foreign Minister Ali Akbar Salehi urged Riyadh to \"reflect\" on its pledge to use its spare capacity to compensate for any reduction in Iran\'s oil sales that results from US-led efforts to tighten sanctions over the Islamic republic\'s controversial nuclear programme. Salehi said the Saudi offer was \"not friendly.\" In a boost to Iran\'s efforts to protect its key oil sector, its second biggest client, India, said it had no plans to curtail purchases in response to the US-led campaign. \"We continue to buy oil from Iran,\" Indian Foreign Secretary Ranjan Mathai said in New Delhi. \"We have accepted sanctions which were made by the United Nations. Other sanctions do not apply to individual countries,\" he added in reference to unilateral sanctions adopted by the European Union and the United States. Energy hungry India is Iran\'s second largest client after China, and absorbs about 20 percent of its crude exports, buying about 400,000 barrels per day at an annual cost of around $12 billion (9.4 billion euros). Meanwhile, ahead of a key meeting on Monday, diplomats in Brussels said the European Union could have an embargo on Iranian oil imports in force by July as a compromise took shape between champions of tougher sanctions and member states that rely heavily on purchases from Iran. \"A deal should be finalised in the coming days,\" one diplomat said. \"A consensus is taking shape over the transitionary phase,\" said another. There had been been disagreement within the 27-nation bloc, which takes in some 450,000 barrels per day of Iranian oil, about the grace period that should be allowed for the ban to be phased in. Some member states wanted an earlier, three-month deadline, whereas financially stressed nations that rely on Iranian crude -- notably Greece, Italy and Spain -- wanted up to a year. Iranian oil accounted for 34.2 percent of Greece\'s imports, 14.9 percent of Spain\'s and 12.4 percent of Italy\'s in the first nine months of last year, according to the latest EU figures. Washington has been spearheading a campaign to squeeze Iran\'s oil exports to put greater pressure on its nuclear programme, which Western governments fear is cover for a drive for a weapons capability, an ambition Tehran denies. President Barack Obama recently signed a bill allowing penalties on foreign banks who settle oil import costs with Iran\'s central bank. Last week, US ally Japan appeared to backtrack on a pledge to cut its imports from Iran, while China has refused to bow to US pressure. Iran has not only been battling mounting US-led pressure on its economy, but also a covert campaign, including murder and sabotage, which it has blamed on Israel and the United States, despite Washington\'s denials and Israel\'s silence. President Mahmoud Ahmadinejad ordered security stepped up for all of Iran\'s nuclear scientists following the assassination last week of Mostafa Ahmadi Roshan, the 32-year-old deputy director of a key facility. \"Whoever is active in the nuclear field will be put under special care,\" official media quoted First Vice President Mohammad Reza Rahimi as saying. Iran has said it is willing to restart talks with world powers on its nuclear activities that collapsed a year ago, but it has not formally responded to an EU letter offering a resumption of the negotiations. A high-level delegation from the UN nuclear watchdog, the International Atomic Energy Agency, is to visit Iran from January 29 to 31, the Fars news agency reported. Iran\'s envoy to the watchdog, Ali Ashgar Soltanieh, said the visit was \"a new sign of the transparency in Iran\'s nuclear programme and activities and in our interaction with the International Atomic Energy Agency,\" Fars added. But a defiant Iran has also raised new Western concerns in recent weeks by starting uranium enrichment operations at a heavily defended bunker southwest of Tehran, and by announcing fresh naval exercises in the Strait of Hormuz, a strategic choke point for much of the Middle East\'s oil.

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*

iran warns saudis as oil sanctions debate deepens iran warns saudis as oil sanctions debate deepens

 



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*

iran warns saudis as oil sanctions debate deepens iran warns saudis as oil sanctions debate deepens

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Online exhibit shows hidden depths of

GMT 11:45 2017 Thursday ,23 November

Online exhibit shows hidden depths of
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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