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05 February 2012 [13:10] - Today.Az
Iran has threatened to cut oil exports to some member states of the European Union in response to the bloc's recent decision to ban oil imports from the Islamic Republic.
"Our oil exports will certainly be cut to some European countries.... We will decide about other European countries later," Iran's Oil Minister Rostam Qasemi was quoted as saying in a press conference on Saturday.
The minister did not name the countries which will be affected by Iran's decision but stressed that the measure is in retaliation for the EU decision to stop importing Iranian crude as of July 1.
Qasemi added that Europe is not a big market for Iran's oil and that the decision will not harm the country's economy as Iran will face no problem for finding alternative markets for its oil.
/PressTV/
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