Business Services Industry
IRAN: OIL AND POLITICS BETWEEN TEHRAN AND OSLO.
IPR Strategic Business Information Database, September, 2000
The main topic of Iran-Norway talks in New York may be the high politics of Middle East peace, but the low politics of oil may come up on the sidelines. As oil prices hover at high levels, with a $31/barrel price for Brent Crude October futures, Western states are becoming increasingly unhappy.
The White House, for example, has urged Organization of Petroleum Exporting Countries to increase production to lower prices. But Norway, which is not an OPEC member, joined OPEC's lowering of production rates earlier this year Iranian OPEC representative Hussein Kazempur told Reuters on 29 August that such U.S. demands are "politically motivated." He also said that the countries complaining about high prices are themselves responsible: "The hue and cry about the level of...
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