Pakistan included in list of Iranian oil buying countries that could face US sanctions

12 countries could be subject to US sanctions unless they significantly cut purchases.


Reuters March 22, 2012
Pakistan included in list of Iranian oil buying countries that could face US sanctions

A US State Department official said on Wednesday that 12 countries that buy Iranian oil could be subject to US sanctions unless they significantly cut purchases. The list includes China, India and Pakistan.

The department released the number of countries - but not their names - on Tuesday after saying the United States would grant exemptions to the sanctions to Japan and 10 European Union nations that have cut shipments of Iranian oil.

Countries that won the exemptions have a six-month reprieve from the threat of being cut off from the US financial system under sanctions designed to pressure Iran over its nuclear program, which the West suspects is intended to produce weapons.

Iran says that its program is solely to generate power.

A government source who is not in the State Department earlier gave Reuters a list of 13 countries that did not get an exemption on Tuesday and could be subject to the sanctions.

That list included Morocco. The State Department official, however, said that its information was that Morocco last bought Iranian crude oil in June 2010 and therefore was not among the 12 that may face the sanctions.

However, he stressed that the assessment of which countries could be subject to the sanctions was a dynamic process and that other countries could be added, or dropped, as additional information becomes available.

The State Department official gave the following list of the 12 countries that remain potentially subject to sanctions. The group includes China and India, the top two importers of Iran's crude, and South Korea, the fourth-largest buyer.

Country               Rank in top buyers of Iranian crude

China                   1

India                    2

Indonesia            NA

Malaysia              NA

Pakistan               NA

Philippines           NA

Singapore            NA

South Africa        9

South Korea        4

Sri Lanka            NA

Taiwan                NA

Turkey                 NA

(NA indicates the country's ranking was not immediately available)

COMMENTS (41)

Jaws7 | 12 years ago | Reply @World Police: Your comment does little to promote US interests. Some US soldier may pay the price for your stupidity. We depend on countries in the region to get supplies to our soldiers in Afagnistan.
Harry Stone | 12 years ago | Reply

@Bombay Dude:

I never considered India to be a state sponsor of terror like PAK, Iran or North Korea....

As for being with or against any nation that is a call for the leadership of the nations involved. In this case PAK has to decide what is best in its long term interest. Should it decide conducting trade with Iran is in its better interest than having friendly relations with the US, then by all means that is what PAK should do. Equally what I beleive the US has been saying is there will be consequences resulting from whatever decision PAK makes. This is not a case of PAK getting a free ride or having it both ways as it is so prone to wanting to do. PAK is really going to have to decide.

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