Tuesday, October 23, 2012
Iran says may stop oil sales if sanctions tighten
DUBAI (Reuters) - Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and it had a "Plan B" contingency strategy to survive without oil revenues.
"If sanctions intensify we will stop exporting oil," Iranian oil minister Rostam Qasemi told reporters in Dubai.
 |
Gas flares from an oil production platform at the Soroush oil fields with an Iranian flag in the foreground in the Persian Gulf, 1,250 km (776 miles) south of the capital Tehran, July 25, 2005. REUTERS/Raheb Homavandi |
"We have prepared a plan to run the country without any oil revenues," he said, adding, "So far to date we haven't had any serious problems, but if the sanctions were to be renewed we would go for 'Plan B'.
"If you continue to add to the sanctions we (will) cut our oil exports to the world."
(Reporting by Daniel Fineren and Amena Bakr; writing by Christopher Johnson; editing by Keiron Henderson)
- NS to trainees: “If you are pregnant, tell us”
- Haze: Flights not affected
- Probe on trainee who gave birth at PLKN camp
- American pastor’s murder: Two more Pakistan nationals charged
- William Yau inquest: Verdict later today
- Haze: Muar’s 200 schools to close temporarily from today’s afternoon session
- MCMC offers free money to small businesses, few takers
- Haze: Muar’s air quality turns hazardous; many private kindies close
- China’s Comtec to build one of world’s largest solar wafer making plants in Kuching for RM1.2bil
- Penang freak storm: Only part of Jalan Macalister is open to traffic; CM annoyed
- Hong Kong national involved in train-car accident in Kota Kinabalu dies
- Chieftains handing out dubious titles
- Titles with no standing draw renewed attention
- Nightmare over topless pictures
- Pakatan MPs to attend swearing-in
- MBM Resources targets RM4b revenue by 2015
- MRCB shareholders start vote on RM729m merger with Nusa Gapurna
- Asian markets in the red, KLCI down 10 points at midday (Update)
- Malaysia PC sales hit 898,000 in Q1, 2013, Lenovo top vendor
- RHB Research maintains "Neutral" on auto sector
- Kulim Malaysia offers RM812.3m for another 20% stake in NBPOL (Update)
- RHB Research maintains "Neutral" on IHH Healthcare
- Sumatec up ahead of meeting on O&G asset buy plan
- Ringgit falls to 1-yr low at 3.2010 versus US dollar
- Malaysia's KLCI falls nearly 10 points in early trade
- Malaysian equities to face selling pressure on Thursday
- Public Invest Research: TSH Resources becoming big cap plantation company
- US stocks down after Bernanke hints at slowing stimulus
- Assore - Assmang approves ferromanganese joint venture in Malaysia
- CIMB Research ups MY EG target price to RM1.74
- Murray poised to end Britain's 77 years of pain
- Steady as Jie goes
- Ferrer loses title after opening round loss
- Park preps for third major title bid at LPGA event
- Gavin Green confident he can take on title-holders this weekend
- Zhang switches focus on developing golf in China
- Thaworn hopes to find his ‘A’ game in Selangor Masters
- Paul Revington is glad to be back to train the Malaysian team
- Heavy task on Faizal’s shoulders
- Singapore Open: Chong Wei Feng fights to survive
- Rachel owes her rich vein of form to change in technique
- Future looks gloomy for men’s squash when Beng Hee calls it a day
- Khairy: RM8mil to be forked out for Sukma due to lack of sponsorship
- A chance for local cyclists to shine
- Rahul survives weekend of harsh hurdles in Norfolk
- Nightmare over topless pictures
- ‘Body buried 13 storeys deep’
- Striptease queen married five times in search of true love, says author
- It’s Honda Accord now for ministers
- Singapore's air turns "hazardous" as Indonesian fires rage
- Chieftains handing out dubious titles
- ‘Don’t go out to Straits of Malacca at night’
- Fake Facebook posting claims housewife is offering sex
- Titles with no standing draw renewed attention
- NS trainee gives birth in camp toilet
- Nightmare over topless pictures
- MCMC offers free money to small businesses, few takers
- Use of psychometrics assessment for employees can be controversial
- It’s Honda Accord now for ministers
- Striptease queen married five times in search of true love, says author
- Singapore's air turns "hazardous" as Indonesian fires rage
- China’s Comtec to build one of world’s largest solar wafer making plants in Kuching for RM1.2bil
- Chieftains handing out dubious titles
- ‘Body buried 13 storeys deep’
- Sumatec shareholders to vote on Kazakhstan oil and gas asset buy
RSS
