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Oil production: Iran warns Arab nations

An Iranian pro-reform newspaper says country's OPEC governor has warned Arab neighbours that Tehran will view any increase in crude production to counterbalance a potential embargo on Iranian oil as an unfriendly act.

world Updated: Jan 16, 2012 00:27 IST

An Iranian pro-reform newspaper says country's OPEC governor has warned Arab neighbours that Tehran will view any increase in crude production to counterbalance a potential embargo on Iranian oil as an unfriendly act.

A Sunday report by Shargh daily quotes Mohammad Ali Khatibi saying Arab nations will be an "accomplice in the consequences," if they raise output to offset any potential loss of Iranian crude exports due to an embargo.

New US sanctions approved last month against Iran target the country's central bank and, by extension, its ability to sell petroleum abroad.