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Chavez threatens EU with oil boycott

Venezuelan president Hugo Chavez has fuelled the growing rift between Opec oil-producing nations ahead of a major summit this weekend, by threatening to block supplies to European countries.

Meanwhile Iran, also a major oil producer, said pumping more oil would do nothing to stop the surge in prices, after Saudi Arabia revealed that it may be increasing its production again.

As angry protests broke out in China over a sharp rise in its fuel prices today, Chavez said he was enraged by new rules passed by the EU parliament on Wednesday, aimed at standardising the process by which member nations deport illegal immigrants. They contain contentious measures such as providing for long detention periods.

In a televised speech, Chavez said: "Our oil shouldn't go to those countries" in Europe who apply new rules for deporting illegal immigrants. He also threatened to block European inves


Added: Jun-20-2008 
By: PiRaTeCoPy
Iran, News
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