Last updated: 7 December, 2011

OPEC chief hopes EU will not impose embargo on Iran oil

The head of the Organisation of Petroleum Exporting Countries (OPEC) said on Wednesday he hoped the EU would not press sanctions on Iran’s “difficult to replace” oil exports.

“I really hope there will not be an EU embargo on Iranian oil,” OPEC Secretary General Abdullah El-Badri said at the World Petroleum Congress in Doha.

“It will be very, very difficult to replace” the exports of this OPEC member, he said.