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(Ynet News) On Jan. 23, the EU formally adopted an oil embargo against Iran that is set to commence in July, but Tehran's European customers say they will reduce purchases in March by more than a third - or over 300,000 barrels daily. In addition, China, India and Japan, the top three buyers of Iranian oil, are planning cuts of at least 10%. French Foreign Minister Alain Juppe said the move can only "make one smile," adding that the Islamic Republic is "very imaginative" in provoking other nations. 2012-02-28 00:00:00Full Article
Europe Set to Cut Iran Oil Purchases by One-Third
(Ynet News) On Jan. 23, the EU formally adopted an oil embargo against Iran that is set to commence in July, but Tehran's European customers say they will reduce purchases in March by more than a third - or over 300,000 barrels daily. In addition, China, India and Japan, the top three buyers of Iranian oil, are planning cuts of at least 10%. French Foreign Minister Alain Juppe said the move can only "make one smile," adding that the Islamic Republic is "very imaginative" in provoking other nations. 2012-02-28 00:00:00Full Article
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