Sunday 18 January 2015

Iran Blames Oil-Price Plunge for Delay in Minister’s Saudi Visit - Bloomberg

Iran Blames Oil-Price Plunge for Delay in Minister’s Saudi Visit - Bloomberg:



"A meeting between the foreign ministers of OPEC’s Iran and Saudi Arabia was delayed in part due to discord over falling crude prices, said Hossein Amir-Abdollahian, Iran’s deputy foreign minister for Arab and African affairs.



Saudi Arabia, the world’s biggest oil exporter, made an invitation in May to Iran’s Mohammad Javad Zarif for talks in the kingdom with his Saudi counterpart Prince Saud al-Faisal. The visit, postponed a few months ago because of differences over the Syria conflict, has been pushed off again “due to oil-price declines,” Amir-Abdollahian said on Al-Alam state-run television, according to its website.



Oil producers in the Persian Gulf region, including Saudi Arabia, “are expected to make efforts to stop the fall in oil prices and not let the decline have a lasting impact on oil-producing nations’ economies,” Amir-Abdollahian said, according to Iran’s Al-Alam. Brent crude has dropped 53 percent in the past year."



'via Blog this'

No comments:

Post a Comment