Iran Cuts Oil Exports To Netherlands, Spain, Italy, France, Greece and Portugal

Huffington Post UK    
First Posted: 15/02/2012 12:30 Updated: 15/02/2012 12:33

Iran has announced it is cutting oil exports to six European countries ahead of sanctions imposed by the EU.

State TV said exports to Netherlands, Spain, Italy, France, Greece and Portugal would be cut, but did not elaborate on to what extent oil would be allowed to be traded, if at all.

Around 18% of Iran's oil exports currently go to the EU. Less than 1% of its oil exports go to the UK.

Iran has the fourth largest oil reserves in the world. It's 137bn barrels of proven oil reserves are more than Iraq, the United Arab Emirates and Kuwait.

Iran is preparing to load its own nuclear fuel roads into a research reactor for the first time, at a ceremony attended by President Mahmoud Ahmadinejad.

The enriched uranium fuel will be placed into the Tehran Research Reactor on Wednesday.

"We began enriching uranium to 20% in order to make fuel rods because Western countries are not ready to help us," said deputy head of Iran's Supreme National Security Counci Ali Baqeri, according to a student news agency and Reuters.

"For the first time, fuel rods produced by Iranian scientists will be installed in the presence of the Islamic Republic's president in Tehran's research reactor."

Iran says it has made the 20% enriched uranium because it wanted to make isotopes to treat cancer.

The research reactor is believed to be used for medical purposes and agricultural products. It previously ran on Argentinian fuel rods but it did not reach deal to extend the trade deal.

But in a report last year the International Atomic Energy Agency, which reports to the United Nations, said that Iran was fixated on producing a nuclear bomb and was closer than ever to succeeding.

Iran has refused to suspend its nuclear research, heightening tensions in the region.

On Tuesday the USS Abraham Lincoln sailed through the Strait of Hormuz in what it said was a routine mission, shadowed at all times by Iranian patrol boats.

The United States and the EU have both imposed sanctions on the Iranian government. The EU has banned oil imports from the country and lobbied other nations and trading blocs to follow suit.

Iran said on Wednesday that it was open to holding talks without preconditions with the EU, but did not give further details.

Meanwhile Sky News said that its sources indicated the Iranian government had formed an "operational arrangement" with the Al Qaida terrorist network.

Two Iranian men were charged in connection with terrorist attacks in Bangkok on Tuesday.

One of the suspects blew his own legs off when a grenade he threw at police bounced off a tree.

Speaking on Wednesday the prime minister of Israel, Benjamin Netanyahu, blamed Iran for the blasts as well as another in India that targeted an Israeli diplomatic car.

"At this time, Iran's terrorist activities have been exposed to everyone," Netanyahu said.


Above: CCTV images released of the Bangkok bombing suspects.

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Iran has announced it is cutting oil exports to six European countries ahead of sanctions imposed by the EU. State TV said exports to Netherlands, Spain, Italy, France, Greece and Portugal would be...
Iran has announced it is cutting oil exports to six European countries ahead of sanctions imposed by the EU. State TV said exports to Netherlands, Spain, Italy, France, Greece and Portugal would be...
Iran has announced it is cutting oil exports to six European countries ahead of sanctions imposed by the EU. State TV said exports to Netherlands, Spain, Italy, France, Greece and Portugal would be...
Iran has announced it is cutting oil exports to six European countries ahead of sanctions imposed by the EU. State TV said exports to Netherlands, Spain, Italy, France, Greece and Portugal would be...
 
 
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01:46 AM on 02/17/2012
I posted a comment here yesterday... but there is no record of it anywhere. Why was my post censored? Why do we bother with this "social news" site if we spend time composing a thoughtful post only to have it vanish forever - no record of it at all - our words and thoughts simply deleted - or shall i say "selectively omitted" from the conversation. Your users deserve better. Please explain why registered users should be moderated at all?, when a simple means for users to flag off-topic posts is all the moderation you really need. Deleting users posts that are actually thoughtful on-topic responses to the article is despicable, and nothing less than censorship. Is this "social news" site nothing more than an attempt to control the news rather than a forum for honest intellectual discussion? I think i now know the sad and discouraging answer to that question...
06:21 AM on 02/17/2012
You might be taking it a little too personally. This site is sometimes just plain flaky. Some of my posts seem to make it through in seconds and others take hours. It's entirely possible that some never made it through and I didn't notice.
12:08 AM on 02/16/2012
Iran is not the only country to sell oil, so F um and chill out
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Luuke
07:39 AM on 02/20/2012
USA & Europe are not the only customers to Iranian oil ....China & India will buy all their oil....These 2 countries and Russia will ensure Iranian oil sales are in good order ....I love how this itches USA & Europe but can't do diddly squ@t about it....
03:59 PM on 02/20/2012
Your see, time will tell, they will deal with it.
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Morgan378
11:17 PM on 02/15/2012
"Western countries are not ready to help us."

Perhaps that's because you didn't hold up Iran's signature on the Nuclear Non-Proliferation Treaty when it was discovered that there were actually duties required of Iran (or any nation signing it). Indeed, there are many nations that use nuclear reactors and enrichment techniques all over the World. It's the UN that observes, assists with developement and offers assistance to nations who abide by the Treaty as most decide to do since it precludes "walking down the same road" that's been travelled before and besides being efficient, it's also less expensive in money and time. I wonder if the Iranian people realize that there was little need to do without items for so long had Iran merely followed the same Treaty other nations signed and complied with? North Korea didn't either, and just look at how well off their people are.

And I don't think we need mention the help Russia was willing to give after completing Natanz, - offering an exchange of spent rods for new ones at a low cost (if any). Using nuclear reactors for electricity was not - as the Iranian people were led to believe - a problem until Iran MADE it a problem.
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Julie Baker Morse
Mostly harmless
08:41 AM on 02/16/2012
The U.S. has obligations to meet as well, and according to the advisory opinion by the International Court of Justice, we're not meeting them.

Under the NPT, Iran has met its obligations, and has every right to produce its own nuclear materials for non-weapon purposes. If you were Iran, would you want to be dependent upon the kindness of other nations?

Israel isn't even a signatory to the NPT, nor does it generally care to share the details of its nuclear weapons program.

I think we need to take news about Iran with a grain of salt these days.
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Morgan378
11:26 PM on 02/16/2012
The U.S.? The United States has nothing to perform for a United Nations Treaty regarding Nuclear Non-Proliferation. It's NOT a US Treaty. It's from the World Body of the United Nations. Iran HAS NOT met it's obligations. No one said Iran could not produce electrical energy from nuclear sources. I never said that. The issue of the article had NOTHING to do with Israel. Nor from what I said. Whether or not Israel signed or not wasn't mentioned. Iran can build 100 nuclear reactors for all anyone cares. Help for that would've been readily available. It's merely unfortunate the Iranian people had to suffer through the arduous trail taken by the Ayatollah - they did without or paid higher prices for needs they never had to pay such for. I know - I sent cookware to family there when it got too expensive because of embargos. I bought schoolbooks here and sent them. Grains of salt will always be needed for such reclusive regimes and it SUCKS! A nation as wealthy as Iran is - and the people suffer. Better or worse than North Korea - I do not know - but it's idiocy is only matched by it's false pride where none was required. Build nuclear power plants to your hearts content - but weapons? Their own suspicion turns on itself and produces distrust. As it did with Saddam so it will be with Iran.
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KrautMan
Carpe jugulum
08:01 AM on 02/17/2012
You keep repeating the same foolish nonsense on various threads and refuse to back it up. I'll ask you again: How is Iran in breach of the NPT? Which of its obligations under that contract did it fail to comply with?
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Morgan378
03:12 AM on 02/18/2012
I've already answered you and won't do it again. If you know what was signed you'd know what isn't being completed and you wouldn't need me to quote it to you. When you've read it - ask me again. But then you wouldn't need to since you'd already know then. Right?
09:14 PM on 02/15/2012
As far as Portugal is concerned. Galp their biggest oil company does not buy oil Iran so how do cut off oil to country that does not buy from you?
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Heron Ortiz
08:32 PM on 02/15/2012
I'm sure those countries have another alternative, The report Just said it, Iran has the 4Th Largest, there are 3 Larger where those countries can buy from, All Iran has to do is Supply those 3 and continue on business... This was not to punish Iran, it was to increase oil profit in those countries.
04:28 PM on 02/15/2012
france can go else where for it, spain dont need it, italy are to scared to ask for it,portugal have no use for it,greece cant afford it,and does the neatherlands use it
09:18 PM on 02/15/2012
45% of Portugal energy is renewable energy, The biggest oil company does not buy from Iran. OH, well too bad for Iran
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Luuke
07:42 AM on 02/20/2012
all the countries you mentioned are mostly spent forces apart from France .....Italy Spain Portugal are almost in the same league as Greece ...Just give it some time where these countries will revert back to donkeys :-)
04:14 PM on 02/15/2012
I have a friend from the Netherlands who was visiting and went back from a few days. I feel bad for her, God knows how much the tank will cost.. and in addition the cold snap, yikes.
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HellBank
Curve: The loveliest distance between two points.
01:14 PM on 02/15/2012
Guess I'll fill up my cars today whilst gas is still affordable.
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01:01 PM on 02/15/2012
How did the European enact-ors of the embargo not expect this reaction? ( Perhaps they planned it into their supposed July 1st deadline..? )
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07:30 AM on 02/16/2012
Oil, like money is fungible. meaning that you don't know where it comes from. If the EU loses Iranian oil and is willing to pay more to make up for it, we in the US will also pay more because international (and national) oil companies sell to the highest bidder - no matter where. Only if other oil producers start producing more (which many can't) would the price remain the same.
06:31 AM on 02/17/2012
If Iran sold their oil directly to India and China then I don't see how it would have much direct impact. The real impact will be that everyone will see it as a step closer to war.