Yari said the Iran OPEC quota has to increase given before the Islamic revolution the figure was six million barrels per day (bpd) compared to 3.5 million bpd currently.
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Iran Budgets $19 per Barrel
Country 'entitled' to ask for quota increase, says government official...
A member of Majlis Energy Commission revealed that the price for each barrel of oil is based on US$19 in the 1383 budget (starts on March 20th).
Ali Yari said the price was derived from oil prices this year and the expectation of a reduction in oil consumption on international markets next year.
Speaking to IRNA, he added "if Iraqi oil enters the market the chances are that the indicated price will decline." He said that Iran has been striving to boost its oil production capabilities and "is therefore entitled to ask for higher OPEC production quotas in the future."
Yari said the Iran OPEC quota has to increase given before the Islamic revolution the figure was six million barrels per day (bpd) compared to 3.5 million bpd currently.
Yari said the Iran OPEC quota has to increase given before the Islamic revolution the figure was six million barrels per day (bpd) compared to 3.5 million bpd currently.
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