Iran's Oil Minister Rostam Qasemi on Saturday asked member states of the Organization of Petroleum Exporting Countries (OPEC) not to compensate for the market shortage if the European Union (EU) puts an oil embargo on Iran.

In a letter forwarded to Iraq which is holding the rotating presidency of the OPEC, Iran asked the OPEC members to respect other members' interests and obligations and not to increase their output in a compensation for the West's oil embargo on Iran, said Qasemi.

He also called on Saudi Arabia to abide by the agreements in the OPEC and do not raise its products if the allies of the West do not want to buy Iran's oil.

Earlier, Saudi officials announced their readiness to make up for any shortage in the market if Iran's oil exports undergo western sanctions.

Iran has already criticized and threatened those countries which might intend to boost their production to meet the energy demands if the West imposes sanctions on Iran's oil.

Qasemi said Saturday that Iran will definitely stop its oil exports to certain European countries.

Qasemi did not identify the countries but his remarks came after the European Union (EU) leaders endorsed last Monday the latest restrictive sanction measures on Iran's oil exports adopted by the EU foreign ministers on Jan. 23.

During a press conference on Saturday he called on the EU states to review their decision on the oil embargo on Iran, saying that EU states' oil imports from the Islamic republic "just" comprises 18 percent of its total oil exports.