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Iranian Oil Minister: King Fahd's death has no impact on oil prices

Tehran, Aug 1, IRNA-Iranian Oil Minister Bijan Namdar Zanganeh said in Tehran on Monday that oil price will not undergo a big change following the death of Saudi Arabia's King Fahd.

The death of Fahd may fluctuate the oil market for only some hours, but it will not greatly affect the market, he told reporters.

Crown Prince Abdullah is adopting Saudi Arabia's policies, he noted.

Abdullah was appointed as the king of Saudi Arabia, the world's largest crude exporter, immediately after Fahd's departure.

After years in poor health, King Fahd died Monday in the capital Riyadh.

... Payvand News - 8/1/05 ... --

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