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EU Ban On Iran Oil Would Have Limited Effect -IEA

EU Ban On Iran Oil Would Have Limited Effect -IEA
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Παρ, 25 Νοεμβρίου 2011 - 19:11
If Europe were to decide to ban imports of crude oil from Iran, it would have a limited impact on the Iranian oil industry, says David Fyfe, head of oil markets at the International Energy Agency.
If Europe were to decide to ban imports of crude oil from Iran , it would have a limited impact on the Iranian oil industry, says David Fyfe, head of oil markets at the International Energy Agency. "We would expect a European embargo...might initially result in more Iranian crude sales into Asia ," he says. If an embargo was only adopted by a limited number of countries, it is also unlikely to further harm investment in Iran 's already-shrinking oil industry, he says.
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