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Sanctions against Iran to impact South African economy: official

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Sanctions against Iran to impact South African economy: official

Xinhua - June 15, 2012
CAPE TOWN, June 15 (Xinhua) -- The U. S.-imposed sanctions against Iran over its nuclear program are going to impact the South African economy by disrupting its fuel supplies, a senior official said here on Friday. "The sanctions are not just going to impact the South African economy, but it is also going to impact that of our neighbours," Nelisiwe Magubane, director general at the energy department, told journalists after a cabinet meeting. Any disruption to crude imports could hit fuel supplies in South Africa, which has suffered ...

 

Oil embargo against Iran to take toll on South African economy: Official

Tehran Times - June 16, 2012
The sanctions are not just going to impact the South African economy, but it is also going to impact that of our neighbours."/ Nelisiwe Magubane, the director general at the South African energy department/ A senior South African energy official says the US-engineered oil embargoes against the Islamic Republic of Iran will take their toll on the African country’s economy as well as its neighbors./ "The sanctions are not just going to impact the South African economy, but it is also going to impact that of our neighbors," Nelisiwe Magubane, ...

 

S.Africa looks to Nigeria, Angola to replace Iran oil

Reuters - June 15, 2012
Expects "breakthrough" soon in EU sanctions talks (Adds details, quotes, background) CAPE TOWN, June 15 (Reuters) - South Africa is looking to source oil from Angola, Nigeria and Saudi Arabia to replace supplies from Iran, which is facing sanctions over its nuclear programme, a top energy official said on Friday. Africa's biggest economy used to import a quarter of its crude from Iran, but has come under Western pressure to cut the shipments as part of sanctions designed to halt Tehran's suspected pursuit of nuclear weapons. "We intend ...

 

SA eyes new oil sources as Iran sanctions take hold

France 24 - June 15, 2012
Smoke billows from Sapref South African Petroleum Refinery just outside Durban in November 2011. South Africa is looking at alternative sources of crude as tough US sanctions slapped on countries importing oil from Iran are days away from taking effect, a senior government official said on Friday./ South Africa is looking at alternative sources of crude as tough US sanctions slapped on countries importing oil from Iran are days away from taking effect, a senior government official said on Friday. "We intend to look especially in Africa, ...

 



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