[Wall Street Journal] Spencer Swartz - European oil giant BP PLC, which has extensive trading operations, stopped shipments of gasoline and other oil products to Iran at least six months ago, according to a person familiar with the matter. In addition, an official at Total SA said the French oil major would stop gasoline shipments to Iran if the U.S. and other European nations were to approve measures calling for a halt on fuel exports to Iran. Iran imports around 140,000 barrels a day of gasoline and diesel - at a cost of $5-7 billion - because of inadequate refining capacity at home. Venezuela said it planned on sending Iran about 20,000 barrels a day of gasoline starting next month. Asian oil traders say gasoline originating from China is routinely blended with other supplies and tankered to Iran.
2009-09-30 06:00:00Full ArticleBACK Visit the Daily Alert Archive