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Page added on May 17, 2008

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Iran criticizes Saudi Arabia for oil production increase

Tehran – Iran on Saturday criticized a decision by Saudi Arabia to increase its oil production, Fars news agency reported.


While terming the Saudi decision a ‘political move,’ Iranian Oil Minister Gholam-Hossein Nozari told Fars that a production increase would just lead to a further increase in reserves.


Fars reported that the increase followed a request by US President George W Bush during his visit to the kingdom on Friday, although the Saudi decision to increase its production by 3.3 per cent (300,000 barrels) was made on May 10.


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