Source: Dinar Daddy’s Tidbits
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3/2/2012 | (Voice of Iraq) – Add Comment – TEHRAN (Reuters) Agency reported Iran’s Mehr news agency reported on Friday that Iran’s oil minister Rustam Ghasemi criticized some Arab states to its signal that it may compensate for Iranian crude, if disrupted oil supplies.
and increased tensions between Iran and the West this month when the European Union agreed to ban the import of Iranian oil from July and freeze the assets of Central Bank of Iran cooperating with the United States in a new set of sanctions aimed at curbing Iran’s nuclear program. quoted Ghasemi said in a letter to the head of the OPEC Abdul Karim and coffee “Some OPEC countries should follow sensible policies.” and “The interests of countries in the region based on mutual cooperation.” said Saudi Arabia’s largest oil exporter in the world last month it has pumped more oil immediately after Iran warned Gulf countries produced of compensation for any interruption in supplies of Iran. said Saudi Oil Minister Ali al-Naimi said on Monday that the Kingdom is able to fill any shortage in the oil market in the future due to the high levels of investment in maintaining production capacity.
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