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| Syria-Lebanon-Iran | |
| Iran Cuts Oil Exports to Spain | |
| 2012-04-11 | |
"Oil exports to Spain have been cut," the Arab-language Al-Alam network said on its website. If confirmed, the halt of crude to Spain would expand Iran's pre-emptive stoppage of crude sales to the European Union ...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing... , which is implementing an oil embargo on Iran due to come fully into effect on July 1. In February, Tehran announced it was stopping all oil exports to Britannia and La Belle France in a largely symbolic gesture because those countries imported little Iranian crude anyway. Spain, though, relied on Iran for some 12 percent of its crude imports last year, or around 160,000 barrels per day, according to the International Energy Agency. Al-Alam reported that Iran was also mulling stopping crude exports to Germany and Italia. The reports of the cut in oil exports to Spain came ahead of talks Iran is to hold on Saturday in Istanbul with world powers over its disputed nuclear program. The European Union and the United States have been upping sanctions on Iran this year to punish it for activities they fear masks a drive towards nuclear weapons capability -- something Tehran denies it is seeking. | |
| Posted by:Fred |
| #5 There are nations who will not abide by the sanctions, openly or otherwise. |
| Posted by: Pappy 2012-04-11 22:06 |
| #4 Iran could dry up I understand Iran has only about eight years left if they pump at current rates, Alaska Paul. They haven't been able to invest in maintenance and improvement because of sanctions. How they are going to live on pistachios and Persian rugs after that is beyond me. |
| Posted by: trailing wife 2012-04-11 16:37 |
| #3 India and China need to hedge their Iranian oil sources, as Iran could dry up in a war of its own making. Like slitting your own throat. The moral of this story in the short term is to not depend on Iran for crude oil supply, if you are smart. |
| Posted by: Alaska Paul 2012-04-11 14:57 |
| #2 Iran has been focussing on sales to India and China, crosspatch. Both have increased needs due to increased prosperity, and no moral objection to Iran becoming regional hegemon on the back of its nuclear program. |
| Posted by: trailing wife 2012-04-11 08:01 |
| #1 Ok, so Iran stops selling the oil to Spain and sells it to whom? And from where was that party buying oil before they bought it from Iran? So now old seller to Iran's new buyer has extra oil to sell, which they sell to ... SPAIN! Simple how that all works out, isn't it? |
| Posted by: crosspatch 2012-04-11 02:39 |