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October 22, 2008 Blog The Saker

Russia, Iran and Qatar to form an organization of gas-exporting countries similar to OPEC

Press TV reports: The Russian Foreign Minister, Sergei Lavrov, has defended the formation of an organization of gas-exporting countries similar to OPEC. Iranian Oil Minister Gholam-Hossein Nozari, his Qatari counterpart Abdulla Bin Hamad al-Attiya and the head of Russia’s Gazprom, Alexei Miller, had a Tuesday meeting in Tehran in which the three countries vowed to seriously pursue the formation of an OPEC-like gas group. Lavrov told journalists on Wednesday that

June 18, 2008 Blog The Saker

They get our oil and give us a worthless piece of paper (UPDATED)

It appears that Iran is on the offensive on the question of oil prices. First, the Iranian OPEC Governor, Mohammad Ali Khatibi, has disputed that supply is the cause of high oil prices blaming “international political tensions, a weak dollar and speculation” instead. Then Iran predicted that the price of oil would reach $150 “shortly” (Goldman Sachs agreed). A couple of weeks later, Iranian President Ahmadinejad urged OPEC members to

Tag "opec"