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)


LATEST IMAGES
President of India at the Indian Community Reception
PM Modi at the Swearing-in Ceremony of the New Government of Assam
PM Modi being received by the Governor of Assam
PM Modi releases the rare manuscript Persian translation of the Panchatantra
Witnessing the signing of Trilateral Agreement between India, Afghanistan and Iran
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


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