Iran will surely cut oil exports to some European countries, oil minister says

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04-02-2012 | 05:02
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Iran will surely cut oil exports to some European countries, oil minister says
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Iran will surely cut oil exports to some European countries, oil minister says
Iran's oil minister called on the European Union to review its decision to impose sanctions on the Islamic state's oil exports and said that the international oil market was balanced.  

"Unfortunately the EU has succumbed to America's pressure. I hope they would review their decision on sanctioning Iran's oil exports ... the oil market is balanced," Rostam Qasemi told a news conference.

The oil minister added that the Islamic state would certainly cut its oil exports to "some" European countries.

"Our oil exports will certainly be cut to some European countries ... We will decide about other European countries later," he said.

Reuters

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