Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Egypt to continue transporting Iran oil

Egypt,Business/Economy,Defence/Security, Mon, 16 Jul 2012 IANS

Cairo, July 16 (IANS) Egypt will not stop transporting Iranian oil through the Suez Canal and internal pipelines despite the EU embargo on Tehran's oil exports, RIA Novosti reported.

The EU-brokered embargo on Iranian oil exports came into force July 1, six months after the 27-nation bloc, which stands for 18 percent of Iranian oil exports, introduced an oil embargo on Tehran.

"Iranian oil, like any other oil, is transported in terms of contracts which are updated every year. We have not received any notifications to ban oil shipments from Iran," a source in the Egyptian energy sector told Egypt's Al Ahram newspaper.

Iranian oil is transported through pipelines owned by Egypt's SUMED firm, the paper said.

"The embargo only affects the EU states, we do not have anything to do with it," the source added.

Western nations suspect Iran, which is already under UN Security Council sanctions, of pursuing a secret nuclear weapons programme. Tehran insists it needs nuclear power solely for civilian purposes.


LATEST IMAGES
Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.