Iran’s Oil Policy to be Reviewed

Iran’s president-elect Mahmoud Ahmadinejad has said that oil production and export deals in the world’s fourth-largest crude producer needed to be clarified.

“The country’s biggest capital today is the oil industry and our oil reserves,” the ultra-conservative Tehran mayor said in a radio address after winning presidential elections.

“The atmosphere ruling over our deals, production and exports is not clear. We should clarify it,” he added, without elaborating. Ahmadinejad also pledged that he would favour domestic companies in the awarding of future oil contracts.
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