Iran warns Gulf Arab oil producers
CAIRO -- Iran warned Gulf Arab oil producers against boosting production to offset any potential drop in Tehran's crude exports in the event of an embargo affecting its oil sales, the latest salvo in the dispute between the West and the Islamic Republic over its nuclear program.
The comments by Iran's OPEC governor, Mohammad Ali Khatibi, published yesterday, came as Saudi Arabia's oil minister was quoted the same day denying that his country's earlier pledges to boost output as needed to meet global demand was linked to a potential siphoning of Iranian crude from the market because of sanctions.
World oil markets have been jolted over concerns that Iran may choke off the vital Strait of Hormuz in retaliation for sanctions hampering its ability to sell its oil. Saudi Arabia and other key Gulf Arab producers have recently said they are ready to provide stable and secure supplies of oil.
Iran's official news agency IRNA said yesterday that the United States has relayed a message to Iran about security in the Strait of Hormuz. It gave no details, and there was no immediate comment from Washington.
The United States recently imposed sanctions targeting Iran's central bank and, by extension, refiners' ability to buy and pay for crude. The European Union is also weighing an embargo on Iranian oil, while Japan, one of Iran's top Asian customers, has pledged to buy less crude from the country. China, meanwhile, was pressing Saudi Arabia to open its huge reserves to expanded Chinese investment, with Prime Minister Wen Jiabao meeting Sunday in Riyadh with King Abdullah bin Abdulaziz.
Khatibi was quoted by the pro-reform newspaper Shargh as saying attempts by Gulf nations to replace Iran's output with their own would make them an "accomplice in further events."
"These acts will not be considered friendly," he said, adding that if the Arab producers "apply prudence and announce that they will not participate in replacing oil, then adventurist countries will not show interest," in the embargo.
The embargo concerns are linked to Iran's nuclear program. The West maintains Iran is enriching uranium for weapons purposes while Tehran says its program is for purely peaceful purposes such as generating electricity.
