Tehran - The European Union (EU) ban on importing oil from Iran will be a "hefty economic loss" for the Europeans, the state-run Press TV quoted a senior Iranian minister as saying.
"Countries which voted for (oil) sanctions against Iran have been unaware of the impact that this measure will have on them and have been unable to understand hefty economic losses which they will suffer under these critical conditions," Xinhua quoted Esmail Kowsari, a member of the Iranian (parliament) Majlis National Security and Foreign Policy Commission, as saying Monday.
Iranian lawmakers, said Kowsari, have prepared a bill to stop oil exports to the EU which is in final stages of approval. They will give a suitable response to the West's hostile measures.
It will deal a heavy blow to hundreds of European refineries, he added.
Some Iranian lawmakers, in the last few days, have said that Iran's Majlis (parliament) would discuss a bill over a ban on oil exports to the EU.
The Majlis Energy Commission, however, said Sunday that no bill had been drafted or brought to the legislature regarding that matter.
Iran's Oil Minister Rostam Qasemi has also said that his country will soon stop oil exports to certain members of the EU.
The EU foreign ministers, last week, decided to embargo Iran's oil and oil products which will come into effect from July 1, 2012.
| Other Articles: |
 |
Russia's election watch group complains of 'Intimidation' (31st Jan, 2012) |
|
Russian election chief accused of spying for Britain (31st Jan, 2012) |
|
Six people die of cold in Romania (31st Jan, 2012) |
|
Clinton to attend UNSC meet on Syria (31st Jan, 2012) |
|
UAE to observe Prophet Mohammad's birthday Feb 4 (31st Jan, 2012) |
|
One dead in Bangladesh clash (31st Jan, 2012) |
|
Pakistani province launches polio campaign (31st Jan, 2012) |
|
France keen to further develop ties with Pakistan (31st Jan, 2012) |
|
Family jailed for life for killing three daughters (31st Jan, 2012) |
|
Pakistani tribal leader killed in suicide blast (31st Jan, 2012) |
|
Stopping outsourcing would hurt both India, US: Pranab (31st Jan, 2012) |
|
Britons barred from entering US after Twitter comment (30th Jan, 2012) |
|
Facebook to become publicly-listed company (30th Jan, 2012) |
|
Three killed in Pakistan suicide bombing (30th Jan, 2012) |
|
Chinese media blames West, Dalai Lama for 'distorting truth' behind deadly clashes in Tibet (30th Jan, 2012) |
|
Nexus between key Memo Gate player Mansoor Ijaz, Sharif-led PML-N? (30th Jan, 2012) |
|
Robert Gibbs back on Obama payroll as 'strategic consultant' for re-election campaign (30th Jan, 2012) |
|
Indian classical maestro Chaurasia enthrals Pak music lovers in Republic Day concert (30th Jan, 2012) |
|
Interpol chief calls on Pak to break terrorist- drug baron nexus (30th Jan, 2012) |
|
‘US ‘betrayal’ pushed Afghanistan, Pak to re-engage over Taliban peace talks (30th Jan, 2012) |
|
Pak SC grants two more months for memo probe completion (30th Jan, 2012) |
|
Egypt’s military seeks to bolster ties with US amid tensions over raids on NGOs (30th Jan, 2012) |
|
Egyptian military seeks civilian panel’s advice on early transfer of power (30th Jan, 2012) |
|
PPP and Musharraf had become ‘partners’ following 2008 general elections: PML Q (30th Jan, 2012) |
|
Iraq outraged over US drones patrolling its skies (30th Jan, 2012) |
Today : Saturday - May 26, 2012, 02:35am (GMT+5.5)
