Business Services Industry
IRAN: IRAN'S OPEC GOVERNOR REVEALS OUTLINE FOR UPCOMING MINISTERIAL MEETING.
IPR Strategic Business Information Database, June, 2004
According to "Tehran Times", Iran's OPEC governor, Hossein Kazempur Ardebili, stated that market situation, OPEC supply, situation of oil reserves, economic growth, modifying OPEC's production ceiling and possible revision of price range will be main topics of the organization's next ministerial meeting to be held in Beirut.
Ardebili noted that OPEC intended to send signals for reducing crude price through elevating production ceiling. The Iranian OPEC governor further noted that despite persistent increase in crude oil reserves, refining limitations in the United States and price of high-quality gasoline conforming to that country's environmental standards has increased prices due to market speculations. Asked about recent remarks by Saudi Arabia's oil minister...
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