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Kenya cancels Iran oil deal due to sanctions

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posted on Jul, 4 2012 @ 09:04 AM
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Kenya cancels Iran oil deal due to sanctions


af.reuters.com

Kenya is cancelling an agreement to import 4 million tonnes of Iranian crude oil per year because of international sanctions against Iran, the top official in the energy ministry said on Wednesday.

"We signed an MoU but it is being cancelled. There is an embargo on Iranian oil. We don't want to get involved in the intricacies of international inter-governmental issues," Patrick Nyoike, permanent secretary in the energy ministry told Reuters.
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posted on Jul, 4 2012 @ 09:04 AM
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So the UK pressures Nigeria to import Iranian oil, then shortly after this announcement is released.

Kenya was planning on importing 4 million tonnes of Iranian oil per year but this deal has been cancelled. This is just another example of the West committing economic warfare against Iran.

I wonder how this affects the cost of oil on the world market? I'm guessingn it's making some other foreign corporations wealthier while implementing unnecessary sanctions on Iran.

Iran is most likely to threaten to close the straight of Hormuz or some other type of saber rattling as retalliation.

af.reuters.com
(visit the link for the full news article)



 
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