IRI cuts oil exports to Britain, France

IRI’s crude exports to the British and French companies have been suspended, an Iranani Oil Ministry spokesman said on Sunday. Oil Minister Rostam Qasemi had already announced the suspension of oil supplies to the British and French firms, Ali Reza Nikzad-Rahbar added. Stating that Iran has no problem with its oil sales and exports, Nikzad-Rahbar pointed out, “We have our own customers and replaced British and French companies with other firms.” “Only 18 percent of Iranian oil exports are bound for Europe,” he said.