Iran cuts off oil and gas exports to Europe

Iran oil export

Iran announced that it is cutting off oil and gas exports to European countries. According to UPI, the exportation of oil and gas was discontinued until further notice as part of pre-emptive sanctions against European countries, which come as a result of the sanctions places on Iran in relation to Tehran's nuclear program.

“Exports of crude oil, (natural) gas liquids and gas condensate to the European countries, which have taken hostile stances on Iran, will be halted until further notice,” said Iran Oil Ministry's spokesman Alireza Nikzad Rahbar, according to the source.

The European Union placed an embargo on Iran in January 2012 as a response to concerns of country's intentions regarding its nuclear program. Iranian and International online news website Hamsayeh.net said the EU sanctions on Iran's oil and gas industries are set to take effect soon. However, Iran's ban on exportations of oil and gas to the EU will begin immediately.

“Despite many requests by EU countries on buying oil and gas from Iran, Iran will not sell any oil and gas to those countries,” Nikzad Rahbar said, according to the source.

The article stated officials from the ministry have planned out how to handle any further sanctions Western countries may enact.

The PennEnergy research area provides other information on oil and gas exporting around the world.

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