The minister however did not indicate to the consequences of being blacklisted by Tehran, since earlier there was no reference to a black list in the Ministry of Oil. It's not clear how Iranian government is to punish the companies which cut off gasoline delivery to the country.
As the second-largest OPEC oil exporter, Iran lacks adequate refining capacity to meet domestic fuel demand and imports almost 40 percent of the gasoline it uses from other countries.
The notable point is that despite an increasing row between the United States and Iran, even U.S. companies are allowed to invest in Iranian oil industry. As Mir Kazemi has announced if they adhere to the rules of the Islamic Republic, they are welcomed by the government.
Based on the above announcement simply the firms affiliated to Israel are banned to cooperate with Iran, but others from different countries are allowed to invest on the national projects on the condition that they obey the regulations of the Islamic Republic.
But although giant companies including Anglo-Dutch oil group shell which is the world's second largest oil and gas firm, and French Total have signed deals on developing the projects in South Pars field, they say because of sanctions imposed on Iran the risk of investment in the country has raised.
Although they shun cooperating with the Islamic Republic, the Iranian oil officials are stressing that negotiations for encouraging them to invest the country are still being carried out.
The economic sanctions have been imposed on Iran to halt the nuclear program of the country. The West powers say that they fear the program could lead to the production of atomic weapons, but Tehran stubbornly denies the charge insisting that the project is aimed to produce electricity.
However the Analysts maintain it is unlikely for proposed fuel sanctions to persuade the Islamic Republic to make compromises on its nuclear program, it is more probable they would hurt the Iranian people more than the government.
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