Middle East Economic Survey


No 28



Gas OPEC Concept Ruled Out By Iran And Russia

Iranian Minister of Petroleum Gholamhossein Nozari has confirmed his countrys opposition to the idea of transforming the Gas Exporting Countries Forum (GECF) into an international Gas OPEC that would set prices and quotas to control the production of natural gas, according to a 4 July report by the Fars News Agency. Addressing the 19th World Petroleum Congress in Madrid on 3 July, Mr Nozari...