19 Feb '12, 11pm

Iran halts oil sales to France, Britain in retaliation for EU ban on Iranian oil

Iran halts oil sales to France, Britain in retaliation for EU ban on Iranian oil

Iranians line up at a petrol station to fuel their motorcycles in central Tehran on Feb 18, 2012. Iran has halted its limited oil sales to France and Britain in retaliation for a phased EU ban on Iranian oil that is yet to take full effect. -- PHOTO: AFP TEHERAN (AFP) - Iran announced on Sunday it halted its limited oil sales to France and Britain in retaliation for a phased European Union ban on Iranian oil that is yet to take full effect. 'Oil sales to British and French companies have ceased,' oil ministry spokesman Ali Reza Nikzad Rahbar said in a statement on the ministry's official website. 'We have taken steps to deliver our oil to other countries in the place of British and French companies,' he said. The decision was not expected to have a big impact. France last year bought only three per cent of its oil - 58,000 barrels a day - from the Islamic republic. Britain...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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