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Iran Halts Crude Oil Exports to French, British Companies
World | February 19, 2012, Sunday // 17:31
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Iran has stopped exporting crude oil to French and British companies, the country's oil ministry revealed in a statement on Sunday.
The move comes as a retaliatory measure against EU sanctions imposed last month that sought to target Iran's critical oil sector in attempts to rein in Tehran's nuclear program.
"Exporting crude to British and French companies has been stopped," spokesman Alireza Nikzad has announced in statement quoted by the ministry of petroleum website.
Nikzad has explained that Iran will sell its oil to new customers.
Inspectors from the International Atomic Energy Agency are due to visit Iran Monday.
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