Tuesday, October 22nd | 23 Tishri 5780

Subscribe
May 31, 2012 4:16 pm

Italian Importer Closes the Door on Iran’s Oil in Europe

avatar by News Editor

ENI Oil platform. Photo: wiki commons.

JPost/Reuters – Italy’s Eni, which has been receiving payments in oil from Iran for debts, is reworking the deal and is unlikely to import crude in July after European Union sanctions on Tehran take effect, market sources said on Thursday.

The unexpected decision by the Italian oil major, which is exempted from the embargo on imports, will lead to a complete halt in Iranian crude supply to Europe in July.

Read full story.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.