NO. 44


Oil Prices

Iran Rafsanjani Says OPEC Cooperation Could Push Oil Prices to $30/B

President Ali Akbar Hashemi Rafsanjani of Iran said on 27 July that key oilproducers should cooperate to push oil prices to $30/B. At a Friday prayermeeting in Tehran, Mr. Rafsanjani said "let the Soviets cooperate with afew OPEC countries - we are ready, so are the Iraqis, Libyans and Algerians -and we will not sell oil at less than $30/B. If we stop selling for a month theworld will...