Iran News ...


7/1/07

Oil price to skyrocket to $100 without Iran exports: official

TEHRAN, June 30 (Mehr News Agency) -- Iran's oil exports stoppage could trigger a price shock up to $100, the country's permanent envoy to OPEC said in Tehran Saturday.

Any further United Nations sanctions against Iran leading to a halt in its oil exports would shoot up world's oil price, added Hossein Kazempur-Ardebili.

Iran had no plans for now to stop its oil exports said the official, however, adding "further decisions depended on the consumer countries' attitude."

Iran's OPEC quota closed at 3.9 million barrels of oil per day which could climb to 4.25 million bpd, he said.

... Payvand News - 7/1/07 ... --



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