Total halts petrol sales to Iran: report

28th June 2010, Comments 0 comments

French oil group Total has stopped selling petrol to Iran, the Financial Times newspaper reported on Monday.

The company has stopped sales only days before US President Barack Obama signs a law for sanctions to hit Iran's dependence on imported petrol, the report noted.

In taking the decision, Total was following action by BP, Royal Dutch Shell and all the major global oil traders, it said.

The unilateral action by the United States, approved by US lawmakers last week, will penalise international groups which help Iran obtain refined products, and also targets banks which do business with black-listed Iranian entities.

© 2010 AFP

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