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Iran postpones vote on banning oil sales to EU

In this Jan. 19, 2012 file photo, fishing boats are seen in front of oil tankers on the Persian Gulf waters, south of the Strait of Hormuz, offshore the town of Ras Al Khaimah in United Arab Emirates.
In this Jan. 19, 2012 file photo, fishing boats are seen in front of oil tankers on the Persian Gulf waters, south of the Strait of Hormuz, offshore the town of Ras Al Khaimah in United Arab Emirates.

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Date: Sunday Jan. 29, 2012 1:54 PM ET

TEHRAN, Iran — Iran's parliament has postponed a vote on a bill requiring the government to immediately halt crude oil sales to Europe, an Iranian lawmaker said Sunday.

The ban would be a response to the EU's decision to stop importing Iranian oil and freeze assets of its central bank.

The EU decision last Monday was the latest attempt to pressure Iran over its nuclear program. The U.S. and its allies believe it is aimed at developing nuclear weapons. Iran says its program is for peaceful purposes.

Lawmaker Ali Adiani Rad is quoted by the semiofficial ISNA news agency as saying lawmakers need experts' views before they vote on the ban.

Because of the significance of the step, Rad was quoted as saying, "Lawmakers proposing the bill believe the legislation should be put on agenda after strong expert evaluation is obtained."

Rad said no date has been set for a vote.

Many Iranian officials have called for an immediate ban on oil exports to the European bloc before the EU's ban goes into full effect in July, arguing that the 27 EU nations account for only about 18 per cent of Iran's overall oil sales and would be hurt more by the decision than Iran. China, a key buyer of Iranian crude, has criticized the EU embargo.

Ahmad Qalebani, director of the National Iranian Oil Company, said his company is ready to cut off oil sales to Europe at any moment.

Qalebani told the semiofficial Mehr news agency Sunday that Iran can find new customers for its crude oil, but some European refineries will find it technically problematic to switch to non-Iranian crude.

Comments are now closed for this story

Bill Lee
said

EU has enough problems with its economy. Soon it will have higher energy costs, for energy imported from Russia. Congratulations, Europe, you just screwed yourself.


Duke
said

The German Foreign Minister has called on Iran to show restraint after Tehran threatened member states of the European Union with an immediate cutoff of oil exports to the bloc. Iran may accommodate Guido, temporarily, giving Germany and the rest of the EU a chance to climb off their high horse.


Jeremy
said

Go ahead Iran. Canada is the oil super power now. We have lots to sell.


Jack Thorgeirson
said

So once again the Fearless Ones running Iran back down.


Dean in Abby
said

How can these third world bozos ban something that has already been banned by the people they want to ban it from? More sanctions please. There are already enough threats in the world. We don't need another country furthering the epidemic of stupidity.


steven
said

Please just do it already so we can all laugh at you and take advantage of the void in the market where you used to sell your oil.


Be strong EU, and Iran people, fight the regime!
said

Hopefully the EU stands strong... better to pay higher crude refining costs than have Nucs flying over their countries, or showing up in their ports as dirty bombs. Iran people need to stand against this self destructing regime, before their is no Iran left worth standing up for.


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