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...