It currently is seeking to stabilize its oil prices to 'buffer' the effects of International Sanctions. Iraq is primarily a Shi'ite nation and seeks those alliances. The provinces will split. I don't believe it can be stopped and any US Secretary of State has to be prepared to confront that reality, right Joe Biden?
Al Maliki during his meeting with Iran's President Mahmoud Ahmadinejad in Tehran on Saturday. (click here title to entry - thank you)
Sun Jan 4, 2009 1:09pm GMT
TEHRAN, Jan 4 (Reuters) - Iran's 2009-10 budget is expected to be based on an oil price of $37.5 per barrel, a "logical" level in view of last year's price fall, Oil Minister Gholamhossein Nozari was quoted as saying on Sunday.
An Iranian newspaper last month said the government and a parliament committee had an initial agreement to base the budget starting in March on an oil price of $45, lower than previously suggested.
"The price of oil in next year's budget has been envisaged at $37.5 (per barrel) which seems to be a logical price considering the drop in prices," Nozari was quoted as saying by the semi-official Mehr News Agency....
An Iranian newspaper last month said the government and a parliament committee had an initial agreement to base the budget starting in March on an oil price of $45, lower than previously suggested.
"The price of oil in next year's budget has been envisaged at $37.5 (per barrel) which seems to be a logical price considering the drop in prices," Nozari was quoted as saying by the semi-official Mehr News Agency....
Iran says OPEC plans emergency meeting in February (click here)
3 hours ago
TEHRAN,Iran (AP) — Iran's state television says OPEC countries have decided to hold an extraordinary meeting on falling oil prices in Kuwait in February.
The Monday report quotes Iran's OPEC governor, Mohammad Ali Khatibi, as saying the organization planned to hold a regular meeting in March. But he says the "trend of oil prices" calls for holding a meeting a month earlier.
Khatibi says the exact date for the meeting is not fixed and members of Organization of Petroleum Exporting Countries haven't received an invitation, yet.
Iran supports a reduction of oil production to increase oil prices, which provide some 80 percent of its foreign revenue.
The price of oil has plunged from $147 a barrel in July to around $40.
3 hours ago
TEHRAN,Iran (AP) — Iran's state television says OPEC countries have decided to hold an extraordinary meeting on falling oil prices in Kuwait in February.
The Monday report quotes Iran's OPEC governor, Mohammad Ali Khatibi, as saying the organization planned to hold a regular meeting in March. But he says the "trend of oil prices" calls for holding a meeting a month earlier.
Khatibi says the exact date for the meeting is not fixed and members of Organization of Petroleum Exporting Countries haven't received an invitation, yet.
Iran supports a reduction of oil production to increase oil prices, which provide some 80 percent of its foreign revenue.
The price of oil has plunged from $147 a barrel in July to around $40.
