Bank Of Baku

Iran warns Gulf countries

Iran warns Gulf countries
# 16 January 2012 07:26 (UTC +04:00)
Baku. Konul Jafarli – APA. Iran warned its Arab neighbours on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran’s OPEC Governor Mohammad Ali Khatibi was quoted as saying, APA reports.

"The consequences of this issue are unpredictable. Therefore, our Arab neighbour countries should not cooperate with these adventurers and should adopt wise policies," Khatibi said in an interview with the Sharq newspaper.

European Union countries have agreed in principle to embargo imports of Iranian as part of the latest Western efforts to step up heat on Tehran.
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