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| Syria-Lebanon-Iran |
| OPEC: Iran's oil production to hit 3.9 mln bpd (more $$$ for jihad) |
| 2004-09-25 |
| Iran is set to increase its oil production by 146,000 barrels per day (bpd) starting November, 2004, said Hussein Kazempur Ardebili, Iran's representative in the Organization of Petroleum Exporting Countries, OPEC. While terrorist promoting Iran sabotages Iraq's crude oil exports via its border infiltrations of scores of Iranian trained fanatical jihadists. The geostrategic & economic balance relating to petrol-power between Iraq and Iran must be reversed and soon Referring to Iran's oil production capacity after OPEC's recent decision to increase its production by one million bpd, Ardebili said, "Iran's total oil production will hit 3,960,000 bpd starting from November", Iranian Students' News Agency (ISNA) reported. There is something very wrong when Iran's oil revenue increases and Iraq's decreases. Commenting on the results of OPEC members' negotiations to boost the organization's oil production and their decision on the new prices, Ardebili pointed out that after consultations, the executive board and the long-term policies' Committee would submit their reports for final decisions by the members during the OPEC's extraordinary meeting to be held in Cairo, on December 10. At the recent meeting, it has been agreed that the upcoming OPEC conference would be held in the northern Iranian city of Mahmudabad, in March 16, 2005, Ardebili said. He further noted that, oil ministers from OPEC member states would attend the meeting. Referring OPEC's basket price, Ardebili said, "Presently, all members are discussing the issue, however, all of them defend the current price of $25 plus or minus $3". |
| Posted by:Mark Espinola |
| #1 Just what we need -- Iran becoming a bigger producer. Makes it all the more disruptive when we have to take out their nukes. |
| Posted by: Tom 2004-09-25 3:42:56 PM |