Saturday 12 November 2011

gulfnews : Iran to call for pre-Libya Opec production levels

Current Opec president Iran will ask the oil producers' group, ahead of its Dec-ember meeting, to return output levels to where they were before the Libya crisis earlier this year, the Oil Ministry's SHANA website reported yesterday.

"We will ask the countries that increased their production when Libya stopped production to change the level of production to the previous level," SHANA quoted Oil Minister Rostam Qasimi as saying.

Iran successfully opposed a move led by the biggest producer Saudi Arabia at the last Opec meeting in June to raise Opec quotas to meet a shortfall in supplies from Libya.

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