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7/27/06

Iran's Oil Minister satisfied with current crude oil price

Tehran, July 27, IRNA-Iranian Oil Minister Kazem Vaziri-Hamaneh on Thursday expressed satisfaction with the current sale price of the crude oil on the market. He made the remark while speaking to reporters after meeting the OPEC president Edmund Daukoru, who is currently visiting Tehran.

The minister said that fluctuation of prices has been the main cause for concern.

In response to a question whether Iran will submit a new proposal on oil production within OPEC, he said that if the prices remain at the current level nothing will change.

He noted that his talks with Daukoru centered on the situation of oil market, the position of OPEC's secretary general and the intra-OPEC issues.

"At today's meeting, it was decided to call on OPEC member states to prepare and submit their proposals on the election of the new secretary general in the next organization's meeting in September.

Concerning introduction of a new candidate for OPEC secretary general, he said, "No decision has yet been taken. At the upcoming meeting between President Mahmoud Ahmadinejad and Daukoru, this will be discussed."

About the possibility that Iran will cede the secretary general's position and gain a privilege in return, he said that it is not yet clear.

Responding to the question that if Israel expands the war, any changes may take place in the export of crude oil from Iran, he dismissed such a prospect and said, "Export of crude oil and such issues are not interconnected. Political matters should rather be solved politically.

Vaziri-Hamaneh said that Iran can use its potentials to solve any problem and that decisions are made in line with the situations.

He made the remark in response to the question that if the United Nations Security Council issues a resolution against Iran on its nuclear issue, any change is expected in the country's crude oil export trend.

Turning to the change of the agreement on export of Iran's gas to the UAE, he said that no new decision has been made in this respect.

... Payvand News - 7/27/06 ... --



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