Iran may extend oil ban to more European countries February 20, 2012 - 18:59 AMT PanARMENIAN.Net - An Iranian semiofficial news agency says Tehran is considering extending an oil embargo on France and Britain to other European countries, AP reported. The Monday, February 20 report by Mehr quoted head of the National Iranian Oil Company Ahmad Qalehbani as saying that Tehran may stop crude exports to European Union members that continue "hostile acts" against Iran. Qalehbani predicts that oil prices could possibly pass $150 per barrel, without specifying when. Oil prices jumped to a nine-month high of nearly $105 a barrel on Monday in Asia after Iran announced the halt on exports to Britain and France. Iran imposed the cuts pre-emptively in retaliation for EU sanctions scheduled to go into effect in July to pressure Tehran over its controversial nuclear program.   Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot".   Partner news |  Latest news Concept to complete Yerevan Cascade discussed at city hall  A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte.Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province.€3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms.Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |
