Iran cuts oil sales to two major Greek companies
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E-mail Xinhua, April 5, 2012
Iran's state TV reported on Thursday that the Islamic republic has stopped its oil sales to two major Greek firms.
The Islamic Republic of Iran has cut oil sales to two major Greek firms, Hellenic Petroleum and Motor Oil Hellas, after the companies defaulted on their crude purchases from Iran, the state- run English language satellite Press TV reported without further details.
In February, Iran announced that it had stopped oil exports to British and French companies and threatened to possibly cut its oil exports to six other European Union (EU) states, including Portugal, Spain, Greece, Italy, Germany and the Netherlands.
"For sure, if the hostile measures of some other European countries (against Iran) is continued, the oil exports to these countries will be stopped," Iranian Deputy Oil Minister Ahmad Qalebani was quoted as saying by the semi-official Mehr news agency.
If the EU states stop "hostile measures," Iran is ready to renew its oil contracts with those countries, said Qalebani, who is also the managing director of National Iranian Oil Company ( NIOC).
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