Middle East Economic Survey
VOL. LIV
No 50
12-Dec-2011
IRAN
OPEC Head Warns Against EU Ban On Iranian Oil
OPEC Secretary General Abd Allah al-Badri said on 7 December he hoped the EU would not agree to impose an oil import embargo on Iran, warning that it would prove difficult for the region to replace the shortfall such a move would create. I really hope there will be no embargo from the EU. It is really very difficult to replace this 865,000 b/d that comes to Europe [from Iran]. Europe now...
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