Jan 05 2012 |
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Total CEO Makes Veiled Criticism Of Pressures On Iran
Thursday, Jan 05, 2012
PARIS (Dow Jones)--French oil major Total SA's (TOT) Chairman and Chief Executive Christophe de Margerie Thursday made a veiled criticism of the intensification of diplomatic pressures on Iran.
Speaking in a conference here, de Margerie said that Western countries should stop asking others "to do what we took centuries to achieve," when referring to Iran.
"In Europe...we tend to mix too often politics and economics," he also said.
The European Union Wednesday agreed in principle to enact an embargo on all purchases of Iranian oil, significantly increasing the West's financial war on Tehran at a time of heightened tensions in the Persian Gulf.
Iranian defense officials have intensified threats this week to retaliate against sanctions efforts by targeting Western ships operating in the Strait of Hormuz, a major route for oil shipments. Iran's parliament introduced a bill Wednesday that would require all foreign ships to gain Tehran's permission to enter the strategic waterway.
-By Geraldine Amiel, Max Colchester and Nadya Masidlover, Dow Jones Newswires; +33 1 40171740; geraldine.amiel@dowjones.com, max.colchester@wsj.com, nadya.masidlover@dowjones.com
(END) Dow Jones Newswires
05-01-12 1631GMT
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