Iran News ...


12/2/06

Iran welcomes new membership bid to OPEC, governor

Tehran, Dec 2, IRNA-Iran's OPEC governor Hossein Kazempour Ardebili said on Saturday that Iran welcomes new membership bid to the Organizations of the Petroleum Exporting Countries. He told IRNA that OPEC secretariat has not received any membership bid so far.

"I've not heard about such a bid. OPEC Governing Board will meet in Vienna on Wednesday. I think they will put on agenda in case of such application on the table. Or, they may bring it to Abuja, Nigeria, where the OPEC oil ministers will meet."

Kazempour Ardebili said that membership in OPEC is free and voluntary and contrary to what the consumers term, it is not a 'cartel' which may have secret members or secret votes.

OPEC welcomes membership bids to indicate that there is no place for allegations sometime being made by the consumers about procedure of decision making in OPEC.

Kazempour Ardebili elaborated on impacts of admission of new members saying that oil output of any member state is being added to the total OPEC output, in other words, new membership will help increase the crude oil output of the organization.

Asked about reaction of the consumers about a growth in number of OPEC member states, he said that since OPEC sees itself responsible for oil supply, a larger and integrated OPEC will be strong enough to fulfill its commitment.

He said that the OPEC Charter honors commitments of the organization's member states to supply oil to the market adding that the consumers never made an objection to OPEC decisions being made in line with OPEC Charter.

Ardebili said that the international community would welcome entry to OPEC of new members, because, the OPEC member states are responsible for investment and capacity building to provide crude oil supply and consider their revenues as well.

IRNA reporter in Vienna said that Ecuador and Angola have announced willingness to apply for OPEC membership.

... Payvand News - 12/2/06 ... --



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