Iran will support increase of OPEC production if the world prices will be saved - Iranian member of OPEC board of directors
13.03.00 00:00
/IRBIS, March 13, 00/ - According to the Financial Times, Iranian member of
OPEC board of directors Husejn Abderbily has stated that Iran will support
increase of OPEC production if the world prices will be saved.
Iran speaks about prices of 7 main OPEC oil mixes at the level of 21-25
dollars a barrel.
If the price exceeds 29 dollars a barrel, production should be increased by
500,000 barrels per day for 3 months and by 1 million barrels per day, if the
price is higher than 30 dollars a barrel.