VOL. XLI

No. 19

11-May-1998

IRAN

NIOC Marketing Director Says Iran Supports More OPEC Measures To Boost Oil Prices

The Director for International Affairs and Crude Marketing at the National Iranian OilCompany (NIOC), Dr. H. Ghanimi Fard, has said that "Iran welcomes any collectiveaction by the OPEC member states to restore stability and strengthen the oil price in themarket." In a statement released to Reuters on 2 May, Dr. Ghanimifardexplained that "this can include further production cuts by...