Monday, January 9, 2012

Saudi Official after meeting Japanese Official: "It's an 'Internal' matter if Japan buys Iran oil"

These 'crippling' sanctions!
"... The comments by the Oil Ministry official were reported on Monday by the Saudi daily Al-Watan a day after Japanese Foreign Minister Koichiro Gemba met with senior Saudi officials in the kingdom's capital, Riyadh.... Japanese officials asked Saudi Arabia, to make up for the potential loss of Iranian oil for Japan. The Asian nation is now even more heavily dependent on oil and natural gas imports after last year's tsunami forced the shutdown of nuclear reactors.... Saudi officials have said that Gulf oil producers are ready to step in and offset any loss of Iranian oil in the market, though it remains unclear if the necessary pipelines that would reroute the oil away from the strait are all fully operational....
China, a major Iran oil importer, has resisted the sanctions effort. The Asian powerhouse's deputy foreign minister, Cui Tiankai, said Monday that China's trade relations with Iran have nothing to do with Tehran's nuclear program and that sanctions alone cannot resolve the dispute...."

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