Iran sets conditions on French, British firms for buying crude

Posted: February 24, 2012 in Economy, energy, geopolitics, Iran, world news
Tags: , , , , ,

TEHRAN – The National Iranian Oil Company (NIOC) has set conditions on the biggest oil firms in Britain and France for buying Iranian crude.

The NIOC managing director said France’s Total and the UK’s Shell and BP will be subject to the conditions if they wish to purchase oil from Iran.

http://www.zawya.com/story.cfm/sidZAWYA20120223035908/Iran_sets_conditions_on_French_British_firms_for_buying_crude

Also see: http://www.washingtonpost.com/world/europe/iran-sets-conditions-for-future-oil-sales-to-european-nations-after-cutoffs-to-britain-france/2012/02/21/gIQA7HdqQR_story.html

In essence ladies and gentelmen,  THIS is what I like to call “Suck It” diplomacy. Iran is basically saying “Stop insulting us with sanctions. We want to sell you oil, but now we have to have you sign an agreement that states you have to buy crude from us for a while, you must pay for that crude, and you can’t get out of the contract”.

I can’t blame them. Business is business.

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