Tehran has cut oil supply to Spain after halting crude export to Greece as part of its countersanctions against the European Union (EU), mulling oil supply cuts to Germany and Italy now, Press TV reports.
Informed sources who asked not to be named, confirmed on Tuesday that the measure is part of Iran's countersanctions in response to the EU’s earlier sanctions against the country’s oil and financial sectors.
Earlier on Tuesday, Iran’s Oil Minister Rostam Qasemi said the country had stopped exporting crude to Greece, after having already halted crude sales to two Greek firms.
According to Press TV, Iran terminated oil sales to two Greek firms, major refiner Hellenic Petroleum and Motor Oil Hellas, on April 5, over their failure to pay for their crude purchases from Tehran.
The EU foreign ministers met in Brussels on January 23 to approve new unilateral sanctions against Iran aimed at preventing member countries from importing Iranian crude or doing business with its central bank.
Following the session, EU foreign policy chief, Catherine Ashton, told reporters that the measure was meant to make Iran get back to its nuclear negotiations with the P5+1 comprising the US, the UK, France, China, Russia, and Germany.
Subsequent to the EU measure, Iran announced on February 15 that it had decided to cut oil exports to six European countries including the Netherlands, Spain, Italy, France, Greece and Portugal.
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