'Replacing Iran oil, EU's main problem'
Following the EU's decision to impose an oil embargo against Iran, a
senior Iranian lawmaker says the West is not able to easily find a
replacement for the country's crude.
Head of Iran's Majlis Committee on Industries and Mines Seyyed
Hossein Hashemi said Wednesday that replacing Iran's oil exports to
Europe which account for 18 percent of the bloc's crude import is not an
easy task.
Hashemi added that Iran, however, can replace the European market by
its Eastern Asian customers.
After Iran and the P5+1 -- China, France, Russia, the UK and the US
plus Germany -- reached an agreement to resume talks, the EU slapped new
sanctions against Tehran on January 23.
The 27-member bloc agreed to ban oil imports as well as petroleum
products from the major OPEC member state and freeze the assets of the
Iranian Central Bank across the EU. Following the EU foreign ministers'
meeting on January 23, the bloc's foreign policy chief Catherine Ashton
said the sanctions were aimed at pressuring Iran to return to talks over
the nuclear program.
The United States, Israel and some of their allies accuse Tehran of
pursuing military objectives in its nuclear program and have used this
pretext to impose four rounds of sanctions against the Islamic Republic.
Iran has refuted the allegations, arguing that as a signatory to the
nuclear Non-Proliferation Treaty and a member of the International
Atomic Energy Agency, Tehran is entitled to use nuclear technology for
peaceful use. Press TV |