InfoAnda - Iran says oil ban will not halt nuclear work |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

West's prisons can keep militant Islam out: study | | 28 June 2010
India's Mahindra signs deal to buy Ssangyong | 23 November 2010
New York Mayor seeks Election law reforms to boost turnout | 8 December 2010

British Beauty Queen Danielle Lloyd Attacked By Two Women During Night Out With Friends And Boyfriend | 26 May 2009

Forum Views () Forum Replies ()

Read more with google mobile : Iran says oil ban will not halt nuclear work |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Davos 2012 Technology Media Small Business Legal Deals Earnings Summits Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Mohamed El-Erian Lawrence Summers Susan Glasser The Great Debate Steven Brill Geraldine Fabrikant Jack & Suzy Welch Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (6) Full Focus Photos of the week Our top photos from the past week. Full Article Images of January Best photos of the year 2011 Follow Reuters Facebook Twitter RSS YouTube Read Romney cruises toward win in Nevada | 03 Feb 2012 Forget Romney or Obama, the voters want Tim Tebow: poll 03 Feb 2012 JC Penney stands by Ellen DeGeneres as spokeswoman 03 Feb 2012 Radcliffe admits being drunk during "Harry Potter" scenes 8:29am EST Classic Super Bowl promises grand ending to NFL season | 03 Feb 2012 Discussed 190 Job growth seen slowing after holiday boost 93 Romney wins Florida Republican presidential primary 92 Indiana poised to approve anti-union law Watched Floating cities proposed as havens of future happiness Fri, Feb 3 2012 Iran sends toy drone to Obama Sun, Jan 29 2012 We are already in new great depression: Paul Krugman Fri, Feb 3 2012 Iran says oil ban will not halt nuclear work Tweet Share this Email Print Related News Iran will cut oil exports to some European countries: report 3:33am EST Iran threatens retaliation over oil embargo Fri, Feb 3 2012 Israel says Iran has material for four A-bombs Thu, Feb 2 2012 Germany's Merkel urges China to use influence on Iran Thu, Feb 2 2012 IAEA, Iran to meet again after "good" talks Wed, Feb 1 2012 Analysis & Opinion Algeria Islamist leader predicts unrest if May parliamentary vote is rigged UK needs to look beyond BRIC markets to emerging CIVETS Related Topics World » Iranian Oil Minister Rostam Qasemi talks to journalist during a news conference in Tehran February 4, 2012. Credit: Reuters/Raheb Homavandi By Parisa Hafezi and Ramin Mostafavi TEHRAN | Sat Feb 4, 2012 8:43am EST TEHRAN (Reuters) - Iran's oil minister said the Islamic state would not retreat from its nuclear program even if its crude oil exports grind to a halt, the official IRNA news agency reported on Saturday. But he also called on the European Union, which accounted for a quarter of Iranian crude oil sales in the third quarter of 2011, to review its decision last week to bank Iranian oil imports from July 1. "We will not abandon our just nuclear course, even if we cannot sell one drop of oil," Rostam Qasemi told reporters, according to IRNA. Tension with the West rose last month when Washington and the European Union imposed the toughest sanctions yet on Iran in a bid to force it to provide more information on its nuclear program. The measures are aimed at shutting off the second-biggest OPEC oil exporters' sales of crude. Qasemi said Iran would cut oil exports to some nations in Europe - he did not specify which - in retaliation for the 27-state EU's decision to stop importing Iranian crude. "Our oil exports will certainly be cut to some European countries ... We will decide about other European countries later," Qasemi told a news conference, IRNA reported. He urged Europe to reconsider its ban, and said the oil market is in balance now but would be thrown into turmoil without Iranian crude supplies. "Unfortunately the EU has succumbed to America's pressure. I hope they would review their decision on sanctioning Iran's oil exports," Qasemi said. "The international crude market will experience turmoil in the absence of Iranian oil with unforeseen consequences on oil prices," he said. However, analysts say the global oil market would not be greatly affected if Iran were to turn off the oil tap to Europe. Saudi Arabia's promise to make up for any shortfall in oil from Iran has angered Tehran, which has written to the head of OPEC asking for cooperation from its members. "We are hopeful Saudi Arabia would respond positively to our just demand," Qasemi said. The EU's ban on Iranian oil came after U.S. President Barack Obama signed new sanctions into law on New Year's Eve that would block any institution dealing with Iran's central bank from the U.S. financial system. If fully implemented, these measures will make it impossible for countries to buy Iranian oil, but Qasemi said the ban would not disrupt the state's oil transactions. "We have different ways to receive our oil money, which is not always necessarily through the central bank, like using banks in friendly countries," he said without elaborating. The minister also dismissed reports of Iran selling its oil in lower prices." No country has asked for a discount. We are selling our oil based on global market prices. If necessary, we would be willing to engage in barter trade." ALTERNATIVE CRUDE BUYERS Brent crude prices rose to near three-month peaks on Friday, partly thanks to oil investors covering short positions ahead of the weekend due to the standoff between the West and Tehran over its nuclear program. The United States wants buyers in Asia, Iran's biggest oil market, to cut imports to put further pressure on Tehran, which is scrambling to find new buyers and persuade existing customers to keep doing business with it. But Iran remains a key supplier for many countries, and some of its major customers are seeking waivers from Washington from the sanctions while they look for alternative sources of oil. Saudi Arabia, Iran's regional rival, has promised to make up any shortfall in supply. Iranian officials have said sanctions have had no impact on it, while the country's supreme leader Ayatollah Ali Khamenei threatened on Friday to retaliate against the West for sanctions. Qasemi also played down the importance of Europe as a market for its exports. "We have no problem to find other crude buyers to replace the European countries," he was quoted as saying. The United States and its allies say Iran is trying to develop weapons under cover of a civilian nuclear program. But energy-rich Iran denies this, saying it needs nuclear technology to generate electricity. Washington and Israel have not ruled out military action if diplomacy fails to resolve the standoff. Iran has warned of firm retaliation if attacked, including targeting Israel and U.S. bases in the Gulf and closing off the vital oil shipping route through the Strait of Hormuz. But Qasemi played down the possibility of Iran blocking the crucial waterway. "Iran is not after tension, and closure of the Strait is a politically motivated issue," he said. Isolated Iran is also facing problems over the price it charges neighbor Turkey for its natural gas exports. Turkey said on January 31 that it was taking Tehran to international arbitration over the matter. Qasemi rejected Ankara's complaint that the price was too high. "Iran surely cannot decrease its natural gas price (for Turkey) without legal authorization," he said. Iran exports 10 billion cubic meters of gas each year to Turkey, making it Ankara's second-biggest supplier after Russia. The Islamic state holds the world's second-largest gas reserves, but currently has no major net exports, partly because of sanctions. (Additional reporting by Hashem Kalantari and Mitra Amiri, Writing by Parisa Hafezi, Editing by Jonathan Thatcher and Hugh Lawson) World Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (6) scythe wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 4 February 2012
Insight: Syria's Assad set for long conflict |
Amid peace bid, U.S. got purported letter from Taliban |
Sudan's Bashir says tensions with South could spark war |
Analysis:Nuclear crisis bolsters Japan push for utilities reform |
Micron CEO Appleton dies in plane crash |
Disagreements on cyber risk East-West Cold War |
Going mobile: Travel's eventual high-tech future |
Radcliffe admits being drunk during Harry Potter scenes |
Bee Gee Robin Gibb makes spectacular recovery |
Over 200 people killed in Syria's Homs before U.N. vote |
Iran threatens retaliation over oil embargo |
Amid peace bid, U.S. got purported letter from Taliban |
Sudan rebels seeking way to hand over abducted Chinese |
Pakistan PM to discuss Afghanistan reconciliation in Qatar |
Cost drives NATO bid for smaller Afghan army |
Romania rescues children as Europe's freeze deepens |
Most Japanese towns undecided on nuclear stress tests: survey |
Bosnia passes laws key to EU bid, Muslims agree to census |
Micron CEO dies in plane crash, industry stunned |
Facebook's high tax rate likely to drop |
Actor Ben Gazzara dead at 81 |
Actor Ben Gazzara dead at 81 |
Star Wars, Ferris Bueller drive Super Bowl ad buzz |
Erotica director Zalman King dies from cancer |
JC Penney stands by Ellen DeGeneres as spokeswoman |
Iran says oil ban will not halt nuclear work |
Russians stage rival protests over Putin |
Egypt clashes ease but protesters determined to fight on |
Heavy weapons rattle northern Mali town, thousands flee |
Afghan Taliban deny Mullah Omar wrote to White House |
Panetta reassures European allies over defense cuts |
Kenya says hits rebel convoy with helicopter gunships |
Militants attack Yemen army base in south |
McCain ruffles Beijing with talk of Chinese Arab Spring |
Radcliffe admits being drunk during Harry Potter scenes |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01