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Page added on June 12, 2011
Iran Thwarted Saudi Arabia’s Efforts at OPEC Meeting
Iran thwarted efforts by Saudi Arabia to increase oil production at last week’s meeting of the Organization of Petroleum Exporting Countries, state-run Fars news agency reported, citing the acting oil minister.
Many countries opposed Saudi Arabia’s proposals, Mohammad Aliabadi said, according to the report.
The 12 members of OPEC failed on June 8 in Vienna to agree on production levels in what Saudi Oil Minister Ali al-Naimi said was “one of the worst meetings” he had attended. Saudi Arabia, Kuwait, Qatar and the United Arab Emirates proposed a 1.5 million barrel-a-day increase in output targets. Libya, Angola, Ecuador, Algeria, Iran and Venezuela opposed the move, al-Naimi said.
One Comment on "Iran Thwarted Saudi Arabia’s Efforts at OPEC Meeting"
Kenz300 on Tue, 14th Jun 2011 1:10 am
Every country needs to move toward greater energy independence and reduce their reliance on OPEC. Locally generated energy can provide fuel, energy and jobs. It is time to transition to safe, clean alternative energy sources and reduce our dependence on oil, coal and nuclear. Wind, solar, wave energy, geothermal and second generation biofuels made from algae, cellulose and waste are the future. Lets start turning all that trash into fuel and energy and reduce our dependence on OPEC.