Bloomberg News

Iran Stops Oil Exports to Greece, State-Run Press TV Reports

April 10, 2012

Iran stopped exporting crude oil to Greece, state-run Press TV said, citing the country’s Oil Minister Rostam Qasemi.

Press TV reported on April 5 that Iran halted oil sales to two Greek companies, Hellenic Petroleum SA (ELPE) and Motor Oil Hellas SA, after they failed to pay.

Iran has already cut oil exports to France and the U.K. following the European Union decision to ban purchases of the Islamic republic’s crude starting July 1, the broadcaster said.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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