Iran's Oil Minister, Rostam Ghasemi, downplayed the threat of a European Union ban on oil imports from his country Monday, saying Europe has no alternative but to buy Iranian crude, according to Fars news agency.
Iran
's Oil
Minister, Rostam Ghasemi, downplayed the threat of a European Union ban on oil
imports from his country Monday, saying
Europe
has
no alternative but to buy Iranian crude, according to
Fars
news
agency.
"Taking into account the quality of Iranian oil and Iran's second top
ranking in terms of oil production, the consumers cannot be provided oil with
such a quality so there is no alternative for Iranian oil supply," Ghasemi
told the news agency.
Iran has sold its current oil production four months in advance, much of it to
Asia, so a ban would have little immediate affect, he added.
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