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Iran Cuts Oil to UK, France

Oil ministry issues ultimatums to European refineries to sign long-term contracts

By the Associated Press

Posted Feb 19, 2012 10:03 AM CST

(AP) – Iran has halted oil shipments to Britain and France, the Oil Ministry said today, in an apparent pre-emptive blow against the European Union's sanctions on Iran's oil exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country's central bank assets and an oil embargo set to begin in July. Iran's Oil Minister Rostam Qassemi had warned earlier this month that Tehran could cut off oil exports to "hostile" European nations. The 27-nation EU accounts for about 18% of Iran's oil exports.

"Crude oil exports to British and French companies have been halted," a spokesman said on the Oil Ministry's website. "We have our own customers and have no problem to sell and export our crude oil to new customers." Britain's Foreign Office declined comment, and there was no immediate response from French officials. The semiofficial Mehr news agency said the National Iranian Oil Company has sent letters to some European refineries with an ultimatum to either sign long-term contracts of two to five years or be cut off. Last week, state media said Iran was planning to cut off oil exports to six EU nations, including France, but later reports said the nations were only told that Iran has no problem finding replacement customers.

In this Sept. 27, 2000 file photo, an Iranian worker repairs a pipe at an oil refinery in Tehran. Iran has halted oil to Britain and France, the Oil Ministry said today.
In this Sept. 27, 2000 file photo, an Iranian worker repairs a pipe at an oil refinery in Tehran. Iran has halted oil to Britain and France, the Oil Ministry said today.   (AP Photo/Vahid Salemi, File)
In this Jan. 19, 2012 photo, fishing boats are seen in front of oil tankers on the Persian Gulf waters, south of the Strait of Hormuz, offshore the United Arab Emirates.
In this Jan. 19, 2012 photo, fishing boats are seen in front of oil tankers on the Persian Gulf waters, south of the Strait of Hormuz, offshore the United Arab Emirates.   (AP Photo/Kamran Jebreili)
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COMMENTS
Showing 3 of 12 comments
Jespersen
Feb 19, 2012 10:51 PM CST
Iran's leaders are psycho maniacs and our country needs to proceed with caution in the middle east.
jgarbuz
Feb 19, 2012 9:55 PM CST
Actually, the western countries, particularly, the US, EU, Canada, Australia, Argentina export large amounts of wheat and grains to the Middle East with its burgeoning populations, but we never set up a food equivalent to OPEC. We should set up OWEC, or the Organization of Wheat Exporting Countries and control the supply of wheat and grain and hence their prices. When OPEC raises oil prices; the WEst should do the same with wheat and grain prices.
jgarbuz
Feb 19, 2012 9:48 PM CST
In 1939 Britain betrayed the Jews of Palestine, by giving in to Arab oil pressure and ending Jewish immigration into Palestine just as WWII was coming on the horizon. IN 1973 there was oil embargo by OPEC because of US air resupply of Israel in the Yom Kippur war. A common bumper sticker then was, "Jews for oil, by the barrel." Now, once again, the question comes down  to, oil or saving Jews? But actually, if Iran wins out, they will have proven they have the infidels over a barrel. We sent a bad message when we went into Iraq, took out Iran's enemy Saddam, but didn't even take one barrel for ourselves. Instead of Iran being grateful, that sent a sign of weakness. Kindness equals weakness in that part of the world. They now sense they can have their way with the infidels. They will offer a compromise: get rid of Israel and they'll keep oil prices low - for a while. They invented chess.

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