Iranian media stated on April 6, 2012 that due to the expansion of the sanctions, Iran has stopped sending oil to Greece, and may be delinquently terminating its oil supply to Royal Dutch Shell . The news showed that due to the banking sanctions and the imminent European ban on Iranian oil imports, Iran’s oil exports’ downward trend may accelerate over the past month. This may pose upward pressure on oil prices, and oil prices have soared to the highest point in four years. Iran’s Mehr News Agency stated that due to default on bills, Iran has stopped delivery to Greek refineries and Greek lubricant companies. For a long period of time, Greece has been the EU country that is most dependent on Iranian oil. Iran’s oil supply is sometimes even as high as one-third of Greece’s domestic oil supply. Mehr News Agency stated that Tehran may also reduce its export volume to the Anglo-Dutch giant Shell, because since the beginning of 2012, Shell has not paid for shipment equivalent to 8 million barrels. Mehr News Agency stated that Shell has already reduced its oil transportation to 100,000 barrels per day. Mehr News Agency stated that “if the situation continues, Iran may cut its oil exports to Shell, just as the Greek refiners and Greek Lubricants failed to fulfill their payment commitments, and Iran followed its actions.†Greek Lubricants did not respond to requests for comment. A spokesman for the Greek Refining Company declined to comment directly on the Iranian report, but said "We have always proved this, that we can support our refinery." An industry insider of the oil industry stated that Shell is ready to stop Iranian oil purchases. The person in the industry said that Shell had given notice of its remaining contract with Iran, but there was no plan to purchase further crude or finished products from Iran before the oil embargo. The EU’s ban on Iran’s oil exports will come into effect on July 1st, and the ban is intended to force the Islamic Republic to stop its nuclear program. Extensive sanctions against Iranian banks and shipping companies have jeopardized oil delivery because buyers have encountered difficulties in paying for and looking for crude oil tankers. According to initial data from oil-trading company Petro-Logistics SA, Iran’s crude oil exports fell by 300,000 barrels to 1.9 million barrels per day last month. Oil-type Mold Temperature Controller Oil-Type Mold Temperature Controller, Diesel Generator,Heating Equipment Mold Temperature Controller,Plastic Industrial Chiller Co., Ltd. , http://www.nbwaterchiller.com