TEHRAN Jan 28(Shana)–Iran’s first vice-president has said the country will never give in to the aftermaths of the oil price fall because it is against the Iranian “spirit and dignity”.
He called on all managers of the country to seek alternative means for solving their issues rather than demanding more financial support.
He said Iran enjoyed the sale of 2.3mb/d at over 100 dollars per barrel in recent years while it now sells only one million barrel a day at $40.
OPEC, which pumps out about 40 percent of the world’s oil, has so far refrained from cutting its production to balance the market mainly due to opposition from Saudi Arabia. Iran is a leading producer of the 12-member Organization of the Petroleum Exporting Countries.
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