The Wall Street Journal, London, 4 Dec 2011- European refiners are weighing the impact of a possible embargo on Iranian oil, the spokesman for their Brussels-based industry group said Friday, a day after the EU broadened sanctions on Iran but stopped short of an embargo.
‘We are consulting our members to evaluate’ it, a spokesman for European refiners association Europia said, a sign that the oil industry is starting to take precautionary steps in case an embargo is implemented.
EU foreign ministers broadened sanctions against Iran on Thursday due to ‘serious and deepening concerns’ about the country’s nuclear program.