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Seyyed Emad Hosseini:

EU sanctions on Iran oil ineffective

Service : Politic
Tehran, Nov 27 (ICANA) – Member of Iran Majlis (parliament) Energy Committee Seyyed Emad Hosseini says recent sanctions enforced by the European Union (EU) against Iran's oil sector are totally ineffective.
Monday, November 28, 2011 2:29:37 PM
EU sanctions on Iran oil ineffective

Hosseini further stated on Sunday that the unofficial version of the sanctions had been in effect since many years ago and the EU has now made them official, IRNA reported.

The lawmaker added that Iran's oil export to EU member states accounts for less than 18 percent of the country's total exports.

“If these countries don't want to buy this [small] amount [of Iran's oil] anymore, it will have no effect on the Iranian economy,” he said.

Hosseini went on to say that other countries are willing to buy Iran's oil, saying, “Iran's crude oil has its own customers and such sanctions will cause no problem for the country.”

The lawmaker said Iranian specialists are very skillful in oil industry and the country can overcome sanctions by relying on domestic potentials.

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