VOL. XLIII

No. 14

3 April 2000

IRAN

Statement By The Iranian Oil Minister Bijan Zanganeh, 28 March

The Islamic Republic of Iran believes that for the long-term interest of producers and consumers, timely and adequate supply of crude oil should be in accordance with demand. The volume of crude oil produced by member countries should be on seasonable or demand-based facts and figures.

At this junction, the fundamentals of supply and demand balance and stockdraw show that there is no shortage of...