Defiant Iran says Asia oil customers stay loyal:
Iran said on Monday it was business as usual with Asia’s leading oil buying countries, despite growing pressure on its customers in the East from a tightening mesh of sanctions hampering its crude exports. Asian leaders are touring the Middle East to secure supplies, as tension over Iran’s nuclear work builds, while European buyers may rely more heavily on Arab oil producers should an EU ban come into effect.
Mohsen Qamsari, head of international affairs at the National Iranian Oil Co., told Sharq daily that Iran had renewed some contracts with foreign refiners and would do so with others as deadlines approached. “The one-year contract with Korean companies to buy our oil has been renewed since the last two months,” Qamsari said.
