. Energy News .

Germany urges restraint after Iran oil stop threat
by Staff Writers
Berlin (AFP) Jan 29, 2012

Germany Sunday called for restraint from Iran amid an escalation in tensions over Tehran's disputed nuclear programme and a threat to immediately cut off oil exports to Europe.

Foreign Minister Guido Westerwelle told the Welt am Sonntag newspaper that the crisis-wracked European Union would not allow Iran to push it into a corner with a potential cut in oil supplies.

"In Iran we are seeing a regrettable and dangerous escalation in rhetoric," he said. Iran's leaders "must finally understand that they have the key to reducing tensions in their hands".

Westerwelle said the EU would not allow "threats" to lead it away from "the path of decisiveness against Iran acquiring an atomic weapon".

"We will find ways in the EU to compensate for delivery stoppages," he said.

Tehran has reacted fiercely to new sanctions targeting its oil and finance sectors, notably the EU's announcement Monday that it would ban all Iranian oil imports within the next five months, after weak economies such as Greece and Spain had found alternative suppliers.

Iran's parliament is considering a draft law that would pre-empt the EU ban by cutting off shipments to Europe immediately. The bill could be debated Sunday.

The EU imported some 600,000 barrels per day of Iranian oil in the first 10 months of last year -- equivalent to nearly 20 percent of Iran's exports -- making it the key market alongside India and China.

Iran has signalled willingness to resume talks on its nuclear activities with world powers Britain, China, France, Russia, the United States, and Germany that collapsed a year ago.

But thus far it has not replied to a letter sent three months ago by EU foreign policy chief Catherine Ashton offering a return to the negotiations.

Related Links
Powering The World in the 21st Century at Energy-Daily.com

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Angry South Sudan shuts down 900 oil wells
Juba, South Sudan (UPI) Jan 26, 2012
South Sudan, born six months ago, says it's shutting down more than 900 oil wells after accusing its former masters in Khartoum of stealing its oil piped north for export. The shutdown is a bold, some might say almost suicidal, move by the world's newest state, which depends on oil for 98 percent of state revenue. But it reflects the frustration and anger in the south at what is ... read more

Japan emissions rising after atomic crisis: report

Mexican electricity output tied to growth

Backer: EU energy proposal has safeguards

India fails to meet electricity targets

China calls for calm after Philippine offer to US

Retool world economy for sustainability: UN panel

Iraq again delays energy exploration auction

China sends team to Sudan, demands release of workers

Natural Power appointed as Owner's Engineer on 20.5MW Sixpenny Wood wind farm

China voices 'deep concern' over US wind tower probe

Power generation is blowing in the wind

Spain's Gamesa wins Chinese wind turbine contract

Wind and Solar Farms Tackle the Vicissitudes of Weather

Spain cuts subsidies for clean energy

Pythagoras Solar Turns Organic Valley HQ into Energy Generating Asset

GreenVolts Partners with Independent Solar Developers to Provide Solar for Agriculture

How sea water could corrode nuclear fuel

UN atomic watchdog green lights Japan's reactor tests

Sandia chemists find new material to remove radioactive gas from spent nuclear fuel

UN nuclear agency to set up Fukushima office: report

Obey optimises bioenergy yield

Findings prove Miscanthus x giganteus has great potential as an alternative energy source

Bio architecture lab technology converts seaweed to renewable fuels and chemicals

US Woody Biomass Prices Have Dropped the Past Three Years

China's satellite navigation sector annual output predicted to reach 35 bln USD in 2015

China plans to launch 21 rockets, 30 satellites this year

Shenzhou 9 Behind the Curtain

China Plans to Launch 30 Satellites in 2012

Climatic warming-induced change in timings of 24 seasonal divisions in China since 1960

Pros and cons of U.K. climate change eyed

Injecting sulfate particles into stratosphere won't fully offset climate change

No chance for climate deal unless firms join push: UN


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement