Sanction vs. sanctions; Tolerance vs. tolerance

Iran refrained from delivering a 500,000-barrel shipment of oil  to the Greek tanker which was due to teransfer it to Hellenic Petroleum refinery.

Meanwhile, Hellenic official declined it and told Reuters: “That has nothing to do with us … all supplies from Iran have been processed normally”.

According to Tehran Times, an Iranian Oil Ministry official has denied reports saying that Iran had halted oil cargo to Greece.

“There has been no change in Iran’s oil shipment to Greece or any other country. No changes in our shipment schedule,” said Pirouz Mousavi, managing director of the Iranian Oil Terminals Co. told the Persian service of the Mehr News Agency on Sunday.

On February 16, Iran cut oil exports to British and French firms in connection with the decision to stop crude exports to six European states in response to sanctions imposed on the country’s energy sector.

Iran announced on February 21 that it will only continue exporting oil to the European Union if the member states give a guarantee to pay the price and sign medium- and long-term oil purchase contracts.

The announcement made a major spike in oil prices pushing the price of crude to over 122 dollars a barrel.

Greece is considered more vulnerable than most as it is suffering a major economic crisis and has been reliant on Iran for almost one quarter of its oil imports.


Sources: Press TV, RT