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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIran Shrugs At Looming EU Ban On Its Oil
By Agence France-Presse
Thursday, January 5, 2012
Iran on Thursday played down the impact of new Western sanctions targeting its vital oil sector, after European diplomats said they have reached preliminary agreement on an EU oil ban from the Islamic republic.
The National Iranian Oil Company said demand was so high for Iranian oil that it would have no trouble selling it elsewhere.
We hope that Irans oil is not sanctioned officially but if so we have taken the needed arrangements, the companys director of international affairs, Mohsen Qamsari, was quoted as saying in a report on Irans oil ministry website.
The 27-nation European Union has struck an agreement in principle to ban Iranian oil imports, an EU diplomat in Brussels told AFP.
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http://www.rawstory.com/rs/2012/01/05/iran-shrugs-at-looming-eu-ban-on-its-oil/
hifiguy
(33,688 posts)buy all the Iranian oil they can.
sharp_stick
(14,400 posts)the going rate anymore. They aren't stupid, Iran will need to dump the stuff and the Chinese will be more than happy to buy it at a discount.
jwirr
(39,215 posts)have enough already.
Westerners are about to invade one more country - as the dollar and the rest of the fiat currencies are losing their value due to money printing, we are approaching a point where the world will simply reject them, and the West will not be able to have oil - at least not at "reasonable" prices by today's standards.
This is why the USA "must" attack all the oil states who try to break free from the dollar, and start accepting other means of payment - because no mater how much it costs them to go to war, it will cost them a lot more if the world finally gets of the "dollar standard", and the value of the dollar goes to almost zero.
The main thing that prevents the oil states from rejecting the dollar right now is their fear of being attacked by the USA - if that fear goes away, then they will be free to choose what currency to accept as means of payment.
http://whataboutmarx.blogspot.com/2012/01/oil-wars-stakes-are-higher-than-just.html
pampango
(24,692 posts)If Iran really was better off selling its oil somewhere else ("we have taken the needed arrangements" , they would already have been doing so. This will probably hurt them a little but someone will buy their oil.