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Syria-Lebanon-Iran
EU agrees to target Iranian oil, gas, LNG sectors
2010-06-15
[Al Arabiya Latest] European Union leaders will push ahead with plans for tighter sanctions against Iran on Thursday, including measures to stem investment in the oil and gas sector and Tehran's refining capability.
Will they do anything to prevent the gas pipeline from Iran to Pakistan?
European Union foreign ministers, who are responsible for agreeing an EU-wide position ahead of an EU summit in Brussels on Thursday, signed off on a statement on Monday that goes substantially beyond the extra sanctions the United Nations agreed to impose on Iran last week, a draft shows.

The foreign ministers, meeting in Luxembourg, said the EU would seek to prohibit new investment as well as the transfers of technologies, equipment and services.

Iran has the world's second-largest reserves of natural gas and is OPEC's second largest oil exporter. Global energy majors have come under increased international pressure over their activities in the country.

"We need to adopt accompanying and supporting measures," to the U.N. sanctions, EU foreign affairs chief Catherine Ashton said after protracted ministerial talks.

However Ashton stressed that the sanctions are "not the end game" and that the EU continued with its twin-track approach with the offer of talks remaining firmly on the table.

Last Wednesday the U.N. Security Council slapped its fourth set of sanctions on Iran, authorizing high-seas inspections of vessels believed to be ferrying banned items to Iran and adding 40 entities to a list of people and groups subject to travel restrictions and financial sanctions.
Posted by:Fred

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