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June 16th, 2012 
FAKE NEWS for the Zionist agenda “The sanctions are not just going to impact the South African economy, but it is also going to impact that of our neighbors,” Nelisiwe Magubane, the director general at the South Africa’s energy department, said on Friday.
On January 23, under pressure from the United States, the European Union foreign ministers approved new sanctions against Tehran, banning oil imports from Iran across the EU, which also include extending insurance coverage for tankers carrying Iranian crude. The sanctions will come into force as of July 1.
Magubane added that any disruption to the crude imports could affect fuel supplies in South Africa, which has faced shortages in the last year due to strikes and refinery problems.
She added that negotiations are underway with the EU, which provides insurance cover on petroleum products during shipping to South Africa.
South Africa’s Revenue Service said on April 30 that Africa’s biggest economy imported 505,908 tons of Iranian crude in March, up from 417,188 tons the previous month.
South Africa has come under pressure from Washington to cut its crude imports from Iran in line with the sanctions designed to halt Tehran’s nuclear energy program.
The United States and the European Union have imposed sanctions against Iran since the beginning of 2012, claiming that the country’s nuclear energy program includes a military component.
Tehran refutes such allegations, noting that frequent inspections by the International Atomic Energy Agency have never found any diversion in Iran’s nuclear energy program toward military purposes.
YH/HJL/AZ
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