Information Channel

Local Time: 8/9/2010 3:34:53 AM GMT Time: Wed, 8 Sep 2010 01:34:53

EU sanctions not to affect Iran oil output (7/26/2010)

Iranian Oil Minister Massoud Mir-Kazemi says the imposition of additional sanctions by the European Union against Iran will not reduce the production of oil in the country.

"Over the past 31 years, Iranian companies and workers in Iran's oil industry have developed this industry in the country and even if new sanctions are imposed by the European Union, our [oil] production will not drop," Mir-Kazemi said on the sidelines of a Sunday cabinet meeting. The European Union, on Monday, adopted new sanctions against Iran which mainly target investment in and technical assistance to Iran's refining, liquefaction and liquefied natural gas sectors.

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