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Iran may assume Gas Forum secretary general post: Oil Minister

Tehran, May 18, IRNA -- Iranian Oil Minister Gholam-Hossein Nozari said on Monday Iran will likely assume the post of secretary general of Gas Exporting Countries Forum (GECF) in case there is a lack of consensus on the issue.

"Under the charter of Gas Exporting Countries Forum, in case there is no consensus on a candidate, the secretary general should be chosen on alphabetic order. So, there is the possibility that the post would go to Iran for a specific period," Nozari told the 11th seminar of senior directors of the oil industry.

Commenting on the performance of OPEC secretary general, he said that all members are satisfied with him and the issue was discussed in the organization's meeting in March in which there was agreement among the participants.

He said further noted that the country has become self-sufficient in gasoline production.

On OPEC decision about output levels in its Vienna meeting in June, he said that prices have shown record rise 'but I do not think they were caused by market fundamentals or supply and demand'.

"The next OPEC meeting will decide on oil production ceiling for the next three months after reviewing market conditions and indices," he added.

Elsewhere in his remarks, Nozari said contract for the development of phases 19 and 20 of South Pars gas field will soon be signed.

"Only about $30 billion were invested in the oil industry in a four-year period before 2005. In the past four years, however, investment to the tune of $66 billion was made in the industry, which indicates the ineffectiveness of sanctions," added the minister.

... Payvand News - 05/18/09 ... --

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