http://www.neftegaz.ru/english/lenta/show.php?id=67799
Iran Oil Firm: Oil Price Must Cross $70
11.12.2006 09:51
The head of Iran's state-owned oil company said on Sunday that the
price of oil should cross $70 barrel as a result of output cuts by OPEC.
According to Iran's official IRNA news agency, Gholamhossein Nozari,
head of Iran's NIOC oil company, said: "The oil price in the world
market has been more than $70 per barrel in the past, but considering
the fact that we are approaching winter and demand is increasing, this
price could be higher."
"We are trying to increase the current oil price through controlling the
market," Nozari added.
OPEC President Edmund Daukoru backs the further output cuts ahead of
member nations meeting on Dec. 14.
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