//
you're reading...
SMIPP

Saudi Arabia cannot replace Iran’s oil supply: Iran oil minister

CounterPsyOps

Iranian Oil Minister Rostam Qasemi says Saudi Arabia cannot replace Iran’s oil supply to the global market in the long run, Press TV reports.

Qasemi made the remarks during an interview with Press TV’s News Analysis on Monday night.

He noted that although the Saudi side stated at the most recent OPEC meeting that Saudi Arabia was not seeking to take Iran’s share of the oil market, “the latest policy of Saudi Arabia turned out otherwise” as Riyadh announced that it was ready to compensate for a lack of Iranian oil in the market.

The Iranian oil minister said, “Saudi production may be temporary, and it definitely cannot continue.”

“It is not practical, and if it is practical, it is transient… and will have negative effects in the future,” he added. 

View original post 324 more words

Advertisements

About SMIPP Ltd.

SMIPP Ltd is a DG Independent Power Plant Private Joint Stock Company. 25-60 MW Gas Turbines Power Generators

Discussion

Comments are closed.

Calendar

May 2012
M T W T F S S
« Apr   Aug »
 123456
78910111213
14151617181920
21222324252627
28293031  
Follow SMIPP Ltd. on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 3,562 other followers

Categories

share this blog

Bookmark and Share

Archives

Follow me on Twitter

Today In Energy

%d bloggers like this: