TEHRAN, June 20 (Mehr News Agency) -- Director of international affairs department of the National Iranian Oil Company (NIOC) said here Wednesday Iran would hold oil exports steady at 2.4 million barrels per day (bpd) awaiting OPEC's decision.
Given high oil demand in the peak summer driving season and storage startup in autumn, oil price would not have a significant plunge in the current Iranian calendar year (started March 21, 2007) predicted Hojjatollah Ghanimifard.
According to reports, Iran's oil price is expected to slip to $43.5 in 2011 down 11 dollars from $54.5 a barrel in OPEC's 2007 basket.
Ghanimifard said the $2.5b-funded oil imports were progressing on schedule and the budget had not yet run out.
... Payvand News - 6/21/07 ... --