[13 June 2012] Iranian minister warns of oil sanctions consequences - English

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13 June 2012 Iranian minister warns of oil sanctions consequences PTV Presstv English Topic As the 5th International OPEC Seminar got underway in Vienna Iran Oil Minister warned of the risks associated with politically motivated sanctions that do more harm to world than to the subjected country The Minister said that the pursuit of energy policies by major consumers has created an uncertain future for both the oil demand and the economies of oil exporting countries

[13 June 2012] Iranian minister warns of oil sanctions consequences - English He adds that through the unilaterally imposed sanctions on producers, certain consumers are using oil as a tool to attain their political objectives which imposes constraints on the oil industry.Iran's Oil Minister says there is a need to return to economic logic and ensuring financial resources, among other key long term pillars since then and only then will long term energy security and suitable economic growth follow.

Added by PTV on 14-06-2012
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