Despite the pressure from the US, Republic of Korea refiners have agreed to buy slightly more Iran crude in 2012 than they did in 2011, according to company and industry sources.
Iranian lawmakers had been due to debate a bill on Sunday that could have cut off oil supplies to the EU in days, in a move calculated to hit ailing European economies before the EU-wide ban took effect.
Questions:
1. Who will implement a ban on Iranian oil by July?
2. What does IAEA stand for?
3. Which country bought more oil from Iran in 2012?
Answers:
1. European Union
2. The International Atomic Energy Agency
3. Republic of Korea
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