Iranian oil firms to EU: "We'll see you in court"
Iran looks set to take the EU to court over "illegal sanctions"
Click here to add European Union as an alert
Disable alert for European Union,
Click here to add Fars as an alert
Disable alert for Fars,
Click here to add Fars News Agency as an alert
Disable alert for Fars News Agency,
Click here to add Mohammad-Ali Khatibi as an alert
Disable alert for Mohammad-Ali Khatibi,
Click here to add National Iranian Oil Company as an alert
Disable alert for National Iranian Oil Company,
Click here to add Organization of Petroleum-Exporting Countries as an alert
Disable alert for Organization of Petroleum- ...
Iranian private oil companies plan to lodge a complaint against the European Union in international courts in protest to illegal the bloc’s “illegal sanctions” against Iran, the Fars News Agency quoted a source familiar with the issue as saying on Wednesday.
The source, speaking on the condition of anonymity, added that some of the companies, which have been included in the EU’s sanction list, are carrying out projects overseas and gain huge revenues, so they are seeking ways to be able to continue their activities and settle the problem through international courts.
Economic experts say Iran’s private sector will fill the gap created by Western-led sanctions on Iran’s oil sector and central bank. On September 2, Mohammad-Ali Khatibi, Iran’s OPEC governor and director of the National Iranian Oil Company, said Iran's oil exports are at their normal level and are unaffected by Western embargoes.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?