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Iran "confronts" oil price hike

TEHRAN : Iran said on Wednesday it will confront international oil price increase, state television quoted Iran 's
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By Muhammad Iqbal
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oilTEHRAN: Iran said on Wednesday it will confront international oil price increase, state television quoted Iran's acting Oil Minister Mohammad Aliabadi as saying.

"We have the necessary tools to control (international) oil price hike we have necessary tools to control the crude production and to stabilise the oil price," Aliabadi said.

Copyright Reuters, 2011

 

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