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Iran says OPEC will not lift output ceiling

TEHRAN : Iran 's caretaker oil minister said on Saturday that OPEC was opposed to any increase in output ceilings in th
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By Imad Uddin
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Crude oilTEHRAN: Iran's caretaker oil minister said on Saturday that OPEC was opposed to any increase in output ceilings in the absence of "well-studied justifications".

"Iran's policy as head of OPEC is to maintain the production ceiling of this organisation," Mohammad Aliabadi was quoted as saying by the semi-official Mehr news agency.

"It is an issue which a majority of OPEC members agree with." Iran holds the rotating OPEC presidency.

 

Copyright Reuters, 2011

 

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