MALAYSIA HALTS OIL IMPORTS FROM IRAN
KUALA LUMPUR, Malaysia - Malaysia apparently bowed to the pressure from the United States and the European Union that want to punish Iran for its nuclear programmes. Prime Minister Najib Razak said Malaysia will halt imports of crude oil from Iran, state media reported on Saturday.“It's (oil import from Iran) only a small amount,” official news agency Bernama quoted Najib as saying on Friday.
A report quoting sources from national oil company Petronas said it will stop imports of crude from Iran in April, two months before a US embargo takes effect.
The south-east Asian country is estimated to import between 50,000 to 60,000 barrels per day of Iranian crude oil.
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