[postlink]http://newslightingtechnology.blogspot.com/2008/12/iran-world-oil-supply-pros-2-million.html[/postlink]Jakarta - State oil producers Iran says world oil supply at this time is too many. Canceled due to OPEC cut oil production, world oil supply is currently excess 2 million barrels.
Therefore, Iran presented the Minister of Petroleum Gholam Hossein Nozari as cited by AFP, Sunday (30/11/2008).
"There is excess supply of 2 million barrels of oil per day in the market and we are looking for ways balance between demand and supply this," he said.
OPEC is not so cut oil production at a meeting in Cairo Saturday, which ended yesterday (29/11/2008). But OPEC promised to take a decision at a meeting in Algeria in the mid Deseber future.
When asked whether that decision will be taken later is the reduction of production, Nozari said only brief. "We must review and examine the conditions of the market," he said
Before the OPEC meeting held in Cairo, Iran has said oil production should be cut about 1.5 million barrels per day.
Indeed reasonable if Iran is concerned over the price of crude oil in the market. Iran is the country's second largest oil exporter in OPEC. Overall OPEC members produce about 40% of world oil production.
Therefore, Iran presented the Minister of Petroleum Gholam Hossein Nozari as cited by AFP, Sunday (30/11/2008).
"There is excess supply of 2 million barrels of oil per day in the market and we are looking for ways balance between demand and supply this," he said.
OPEC is not so cut oil production at a meeting in Cairo Saturday, which ended yesterday (29/11/2008). But OPEC promised to take a decision at a meeting in Algeria in the mid Deseber future.
When asked whether that decision will be taken later is the reduction of production, Nozari said only brief. "We must review and examine the conditions of the market," he said
Before the OPEC meeting held in Cairo, Iran has said oil production should be cut about 1.5 million barrels per day.
Indeed reasonable if Iran is concerned over the price of crude oil in the market. Iran is the country's second largest oil exporter in OPEC. Overall OPEC members produce about 40% of world oil production.
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