Iran denies selling oil to Dutch Shell

On March 2, Reuters reported that the National Iranian Tanker Company’s (NITC) oil tanker has docked at Singapore’s Bukom Island to sell crude oil to the Royal Dutch Shell Company’s refinery.

According to Reuters, the Iranian vessel, Delvar, discharged about 1.5 million barrels of crude at Bukom Island.

Referring to EU’s sanctions against Iran’s oil, Qasemi said these measures affect the global oil markets and can create chaos in the market.

EU foreign ministers imposed sanctions against Iran on January 23 over the country’s nuclear energy program, including a ban on Iranian oil imports and a freeze on the assets of the country’s Central Bank within EU states.

On February 15, Iran threatened to halt oil exports to six European states, including the Netherlands, Spain, Italy, France, Greece and Portugal after EU imposed harsher sanctions against the country.

On February 19 Tehran cut crude sales to British and French companies which triggered a fluctuation in oil prices in global markets.

The EU sanctions will become fully effective on July 1, 2012, to give EU member states enough time to adjust to the new conditions and find alternative crude oil supplies.

The United States, Israel and some of their allies accuse Tehran of pursuing military objectives in its nuclear program and have used this pretext to push for four rounds of UN sanctions and a series of unilateral sanctions against the Islamic Republic.

Iran has refuted the allegations, arguing that as a signatory to the nuclear Non-Proliferation Treaty and a member of the International Atomic Energy Agency, it has the right to develop and acquire nuclear technology for peaceful purposes.

MYA/GHN

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