Iran Says It is ´Easily´ Selling Oil Despite Sanctions (INN) ISRAEL NATIONAL NEWS) By Gil Ronen 07/01/12)
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Iran Central Bank Governor Mahmoud Bahmani said Saturday Iran
is "easily" selling its oil despite western sanctions because some
countries have received waivers from the U.S. to import Iranian oil
despite the measures.
Bahmani said Iran would take action against the sanctions, but did
not specify what it had in mind. "We have not remained passive. For
confronting the sanctions, we have plans in progress," he said.
The remarks by Bahmani, carried by the semiofficial Mehr news agency
and quoted by the Associated Press, are the first reaction from a
senior Iranian official on the day that the new sanctions go into
According to the EU, all contracts for importing Iranian oil are
halted as of Sunday, and European companies will no longer be
involved in insuring Iranian oil.
Previous sanctions by the U.S. have cut exports of Iranian crude from
about 2.5 million barrels a day last year to between 1.2 and 1.8
million barrels now, American officials said.
China, India, Japan, Malaysia, Singapore, South Africa, South Korea,
Sri Lanka, Taiwan and Turkey have been given waivers from the U.S.
regarding a complete boycott but pledged to "significantly reducing"
oil imports from Iran. (IsraelNationalNews © 2012 07/01/12)
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