France to unilaterally halt imports of Iranian oil

French Foreign Ministry announces move in bid to convince EU allies to pressure Tehran on nuclear issue through oil ban.

By REUTERS
November 24, 2011 16:44
1 minute read.
An oil drilling rig [illustrative]

An oil drilling rig 311. (photo credit: Andrea De Silva / Reuters)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

PARIS - France will stop importing Iranian oil at a national level as part of a proposal it made to its allies to consider ending purchases from the world's fifth largest producer, the foreign ministry said on Thursday.

Asked by Reuters whether the French government would force French oil major Total to stop its crude shipping business with Iran, Foreign Ministry spokesman Bernard Valero said in a written answer, posted on the ministry's website:

Be the first to know - Join our Facebook page.


RELATED:
EU ups heat on Iran, reaches new sanctions deal
'Obama policy has slowed Iran nuclear effort'

"The interruption of Iranian oil purchases is among the measures proposed by France to its partners. We will apply this at a national level."

France turned to Iranian oil in the first half of the year to make up for disruption during the Libyan war. Last year, Iran supplied 2.8 percent of French oil imports, or 1.8 million tons.

In the seven months to July this year, it supplied 1.6 million tons or about 55,000 barrels per day.

European Union Energy Commissioner Guenther Oettinger said Wednesday that a ban on Iranian oil imports to press Tehran to abandon its nuclear activity would not be a problem for the EU. "It can be substituted by OPEC and others," he told Reuters.



On Tuesday the head of the National Iranian Oil Company said he had no fear of losing EU markets and that Iranian exports to the European Union were relatively small, with other countries willing to buy.

Click here for full Jpost coverage of the 
Iranian threat

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB