Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

Ahmadinejad says 'Iran can withstand oil embargo for 2 to 3 years'

Tehran, Wed, 11 Apr 2012 ANI

Tehran, Apr 11 (ANI): Iranian President Mahmoud Ahmadinejad has claimed that his country has enough reserves to withstand a total embargo on its oil sales for 'two to three years'.

Ahmadinejad gave a defiant speech claiming that measure taken by Western nations to increase the pressure on Iran's economy would have no effect.

"They want to impose sanctions on our oil and we must say to them that we have that much saved that even if we didn't sell oil for two to three years, the country would manage easily," The Telegraph quoted Ahmadinejad, as saying.

"Whoever seeks to violate the rights of the Iranian nation will get a blow to the mouth," he added.

The European Union has agreed to stop purchasing oil from Iran by July 1.

According to Iranian state media, Tehran had chosen to pre-empt this measure by halting exports to Greece, one of its biggest EU customers.

Iran is likely to find alternative customers for this oil, but they are expected to drive a hard bargain and insist on low prices, costing the country billions of dollars in lost revenue. (ANI)

PM Modi addressing the gathering at the Safaigiri Summit
PM Modi in a group photo with the winners of the Safaigiri Awards
Modi presenting the Safaigiri Award to the winner at the Safaigiri Summit and Awards 2015
PM Modi releasing a special booklet of India Today on Safaigiri
PM Modi addressing at the inauguration of the Rooftop Solar Power Plant
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.