Energy
0

Europe’s Decision Not to Buy Iran Oil Politicized

Europe’s Decision Not to Buy Iran Oil Politicized
Europe’s Decision Not to Buy Iran Oil Politicized

European companies can purchase crude from Iran as some of them do not have commercial interest in the United States and do not need to be concerned about US sanctions, the head of Iran’s Strategic Council on Foreign Relations said.
"The US re-imposed sanctions on Iran's oil sector in November and some European companies decided to stop buying Iranian oil due to political reasons," Kamal Kharrazi was quoted as saying by the French daily Le Monde Tuesday.
Italy and Greece stopped their purchases despite the fact that the US had granted them some waivers. This indicates that those countries made a political decision, Kharrazi argued.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com