More on Middle east
"As far as I know there has been no call for any extraordinary meeting for the time being," Khatibi said in a telephone interview with Reuters on Saturday.
Holding OPEC's rotating presidency this year, the Iranian Oil Ministry would be required to call for an extraordinary meeting before the planned June date if needed.
The official also said the global oil prices are stable, and there is a balance between supply and demand in the market.
Earlier in December, Khatibi said the price of crude oil is undervalued, noting that global markets are close to a crisis of uncertain oil supply.
Iran holds around 10 percent of world oil reserves. In 2009, Iran's revenue from oil exports reached $69.1 billion and it exported approximately 3.8 million barrels per day.
OPEC is a permanent intergovernmental organization of 12 oil-exporting nations that also includes Algeria, Angola, Ecuador, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
Brent oil prices hit a 28-month peak on Friday, getting closer to $100 a barrel while US crude surged more than four percent as protests in Egypt — which is not an OPEC member — rattled markets.
AS/AGB/MMA
Sunday, 30 January 2011
Good Morning from s
I think our Guy is right yet again! Iran is fostering the unrest to rise oil prices. She is also 'monitoring' situation in Middle East. Guy showed me before he left, that wherever America stimulates 'Regime Change', Iran is sure to follow manipulating the American's historical naivety for its own benefit. Look at Iraq, now shia run and despite American bases, is but a puppet of Iran, as is my own country Pakistan. I again quote Guy.....
'By destabilising the Middle East, Iran hopes to impose 'democratic regimes' ie Moslem Brotherhood in all these lands, to expand her political influence across the Mediterranean to create a system of possible satrapies or Iranian client states- all very traditional Persian since the days of Xerxes. At present Egypt is being asked to offer 'Earth and Water' but Jordan and Yemen are about to follow. Tunis will soon have an Islamic government. Also note trouble in Albania and Kosovo but most worryingly Saudi Arabia. There is Chinese involvement here too, especially in Africa. She has offered to bail out Europe, as she has Greece already.
Both Iran, China and Russia fear an expansive EU with megalomaniac designs for a EuroMed Union. So I suspect, the Iranians in league with China, about to become the new World Super Power is doing its best to counter European intentions, topple the regimes favourable to EU plans for massive enlargement by starving the EU's economies and possibly to break the Euro, so stifling the EU's imperial plans with their own. The EU would be seen for what it really is, a rather inflated but dangerous (to its own citizens at least) blimp that will be forced into becoming a client state of Iran and the Chinese. The latter will offer help. China also has designs on North Africa and its minerals, as has Europe. The fact that Iran is 'monitoring the situation' to quote its leadership, is usually diplo-speak for 'we are the cause of it!'
We are living in dangerous times indeed.'
s says-
Well there you have it. Thankyou to Torquil in Rome too who pointed out the article below.
And to think Guy was refused a chance to do a PhD because he quote''Thought for himself and aaksed too many questions!'' His mind is far superior than his detractors in Academia. They will never admit it now. They still ignore him. Contemptible! Their loss our gain I think?
xxxxxxxxxxxx s
'No call for OPEC extraordinary meeting'
Sun Jan 30, 2011 6:4AM
The logo of the Organization of the Petroleum Exporting Countries on the wall of the OPEC headquarters in Vienna
Iran's OPEC Governor Mohammad Ali Khatibi says there is no need for an extraordinary meeting despite the hike in global oil prices.
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