Iran wants leadership at OPEC [upi.com]
June 12, 2012 Leave a comment
TEHRAN, June 11 (UPI) — The Iranian government said it introduced former Petroleum Minister Gholam Hosain Nozari as its candidate for the top position at OPEC.
The Organization of Petroleum Exporting Countries meets Thursday in Vienna for a regular meeting. Iran said it would nominate Nozari to replace outgoing OPEC Secretary-General Abdallah el-Badri, whose term expires at the end of the year, reports the Iranian Oil Ministry’s official Web site.
Iran, a price hawk and top OPEC producer, is facing an embargo on crude oil imports from members of the European community.
Tehran has said it favors an oil price of around $100 per barrel. Oil prices, however, are on a four-week decline and closer to $80 per barrel.