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Commodities Briefing - Categorized | Oil, Price Watch more

Iran doesn’t favor high prices for crude oil: minister

Posted on 26 August 2013

Iranian Oil Minister Bijan Namdar Zanganeh has said that the country is not in favor of high prices for crude oil, as it will not manage to sell expensive oil in the international market. “Whenever oil price went high, we could not succeed in selling it,” the Mehr News Agency quoted Zanganeh as saying on Saturday.
High oil price can be a challenge for Iran and a welcome opportunity for our rivals, because they can sell crude oil at higher prices, Zanganeh explained………………………………………..Full Article: Source


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