By IRNA
Tehran : Islamic Republic of Iran’s Oil Minister stressed here Saturday night to preserve oil price at 100 US dollars per barrel, OPEC will neither increase, nor decrease production.
Gholam-Hossein Nozari made the comment at a joint press conference with OPEC Secretary General Abdullah al-Badri in Tehran, adding, “It is very unlikely that the OPEC oil minister would have another extraordinary meeting in addition to the one they recently had in Italy.
Nozari added, “OPEC plays a key role in securing the producers and the consumers rights in world oil markets and today the security of the oil market is more important for this product’s consumers even than the oil prices.”
Iran’s Oil minister said, “Currently the real price of crude oil is some two US dollars lower than the real pprice in 1982.” He added, “In the report presented to us today by Mr. al-Badri, too, this point is elaborated in details.”
The Iranian Oil Minister said, “The deteriorating status of the US market in addition to affecting the world oil market has also influenced the markets of precious metals and agricultural products.” Nozari added, “In comparison with the rest of the strategic goods at the international market, the increase in oil prices rank third or even fourth today.”
Focusing on Tehran visit of the OPEC Secretary General, he said, “This visit is taking place in the framework of Mr. Secretary General’s routine tours of the oil producing countries, that began with his visit to Qatar, and is among his defined organizational tasks, aimed at exchange of information and viewpoints among member states and OPEC management.
The Oil Minister added, “During the course of this visit OPEC Secretary General presented a report on international oil market, the price status and the future of the market to us, based on which we reached the joint conclusion that production level is satisfactory currently.”
According to Nozari, al-Badri has requested Iran that keeping in mind its chairmanship of the Supervision Committee over Market Status, play a more dynamic role in the future in conducting effective consultation with producers so that OPEC members viewpoints would get closer to one another, and exerting closer supervision over the market would be easier in the future.