http://www.presstv.ir/detail/235611.html
NNPC spokesman, Levi Ajuonuma, said on Tuesday that the country’s petroleum sector was grappling with a number of serious problems, AFP reported.
“Theft and a lack of new investments remain huge problems…So we are not going to be able to…fill up such gaps,” he said, referring to any sudden cuts in output from Iran.
Nigeria has been producing between 2.0 and 2.4 million barrels of oil per day and is apparently incapable of managing any significant production boost for now.
Meanwhile, the US and its allies have pinned their hopes on Saudi Arabia to boost its crude output to fill the supply gap, but there are rising concerns in the West about the monarchy’s capability to do so as it faces a popular uprising in its oil-rich Eastern Province.
The EU foreign ministers met in Brussels, Belgium on January 23 to approve new unilateral sanctions against Iran aimed at preventing member countries from importing Iranian crude or doing business with the Islamic Republic’s Central Bank.
Following the session, EU foreign policy chief, Catherine Ashton, told reporters that the measure was meant to make Iran get back to its nuclear negotiations with the P5+1 group, comprised of the US, the UK, France, China, Russia, and Germany.
Subsequent to the EU measure, Iran announced on February 15 that it had decided to cut oil exports to six European countries, namely the Netherlands, Spain, Italy, France, Greece, and Portugal.
On February 19, Iran’s Oil Ministry announced it had cut oil exports to British and French firms in line with the decision to end crude exports to the six European states.
Iran's decision to impose countersanctions on the European countries has led to a hike in global oil prices, pushing gasoline prices in the US and the UK to record highs. The rising gasoline prices have become a major issue in the US presidential election campaign.
Tehran has already stopped oil exports to France, Britain, and Greece and is now considering halting crude sales to Italy.
Iran’s decision to cut crude exports to six European countries -- including the Netherlands, Spain, Italy, France, Greece and Portugal -- was made after the EU foreign ministers agreed on January 23 to ban oil imports from Iran and freeze the assets of the country’s Central Bank across the EU.
‘Nigeria can’t fill gap left by cut in Iran exports’
Iran’s Damavand crude oil tanker (file photo)
Nigerian National Petroleum Corporation (NNPC) says the country cannot boost its oil output to fill the supply gap caused by Iran’s decision to cut oil sales to some EU states.
NNPC spokesman, Levi Ajuonuma, said on Tuesday that the country’s petroleum sector was grappling with a number of serious problems, AFP reported.
“Theft and a lack of new investments remain huge problems…So we are not going to be able to…fill up such gaps,” he said, referring to any sudden cuts in output from Iran.
Nigeria has been producing between 2.0 and 2.4 million barrels of oil per day and is apparently incapable of managing any significant production boost for now.
Meanwhile, the US and its allies have pinned their hopes on Saudi Arabia to boost its crude output to fill the supply gap, but there are rising concerns in the West about the monarchy’s capability to do so as it faces a popular uprising in its oil-rich Eastern Province.
The EU foreign ministers met in Brussels, Belgium on January 23 to approve new unilateral sanctions against Iran aimed at preventing member countries from importing Iranian crude or doing business with the Islamic Republic’s Central Bank.
Following the session, EU foreign policy chief, Catherine Ashton, told reporters that the measure was meant to make Iran get back to its nuclear negotiations with the P5+1 group, comprised of the US, the UK, France, China, Russia, and Germany.
Subsequent to the EU measure, Iran announced on February 15 that it had decided to cut oil exports to six European countries, namely the Netherlands, Spain, Italy, France, Greece, and Portugal.
On February 19, Iran’s Oil Ministry announced it had cut oil exports to British and French firms in line with the decision to end crude exports to the six European states.
Iran's decision to impose countersanctions on the European countries has led to a hike in global oil prices, pushing gasoline prices in the US and the UK to record highs. The rising gasoline prices have become a major issue in the US presidential election campaign.
and...
http://www.presstv.ir/detail/235697.html
Iran halts oil flow to Germany one day after Spain
Iran stops oil exports to Germany after halting crude sales to Britain, France, Spain and Greece.
Iran has cut oil exports to Germany one day after halting crude sales to Spain as part of its counter sanctions against the European Union (EU).
Tehran has already stopped oil exports to France, Britain, and Greece and is now considering halting crude sales to Italy.
Iran’s decision to cut crude exports to six European countries -- including the Netherlands, Spain, Italy, France, Greece and Portugal -- was made after the EU foreign ministers agreed on January 23 to ban oil imports from Iran and freeze the assets of the country’s Central Bank across the EU.
On February 19, Iran’s Oil Ministry cut oil exports to British and French firms.
Tehran’s decision to impose counter sanctions on European countries has led to a hike in global oil prices, pushing gasoline prices in the US and the UK to record highs. The rising gasoline prices have also become a major issue in the US presidential election campaign.
The US and EU accuse Iran of pursuing a military program under the cover of its nuclear energy work despite the fact that the International Atomic Energy Agency (IAEA) has found no evidence to this end.
Tehran refutes their claims arguing that as a committed member of the IAEA and a signatory to the Non-Proliferation Treaty it is entitled to peaceful uses of the nuclear energy.
Tehran’s decision to impose counter sanctions on European countries has led to a hike in global oil prices, pushing gasoline prices in the US and the UK to record highs. The rising gasoline prices have also become a major issue in the US presidential election campaign.
The US and EU accuse Iran of pursuing a military program under the cover of its nuclear energy work despite the fact that the International Atomic Energy Agency (IAEA) has found no evidence to this end.
Tehran refutes their claims arguing that as a committed member of the IAEA and a signatory to the Non-Proliferation Treaty it is entitled to peaceful uses of the nuclear energy.
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