OPEC

Iran Opposes Demands for Higher Quotas by Other OPEC Countries

Iranian President Ali Khamenei said on 14 July that demands for higher production quotas by other OPEC member countries were "wholly unacceptable" to Iran. The official Iranian news agency IRNA quoted the Iranian President as having told Iran's Minister of Oil, Mr. Mohammad Gharazi, that "while OPEC is trying to stabilize oil prices, it is wholly unacceptable that certain OPEC countries should ask for...