Director of international affairs at National Iranian Oil Company Mohsen Qamsari[/caption]Iran is planning to drop its oil price in the Asian markets with an aim of competing with Saudi Arabia and other producers to increase its market share.
Amid global decline inoil prices, oil exporting countries are offering discounts inorder tomaintain the market share inthe global arena.
Iran is planning todrop its oil price inthe Asian markets withan aim ofcompeting withSaudi Arabia and other producers toincrease its market share.
As forthe drop inSaudi oil price, Saudi Arabia holds five markets inits possession forselling crude oil and it has increased its oil price inthe four markets ofEurope, Africa, the US and North Europe and has reduced only inone market.Mohsen Qamsari, Manager ofInternational Relations ofNational Iranian Oil Company (NIOC) said Iran is intending todrop its crude oil price inthe market and increase its market share.
Asked if the drop inSaudi oil price inthe Asian market was toput Iran underpressure, Qamsari said: It is not the subject ofdealing blows onIran; currently competition is so right inthe Asian market and the US, South America, Venezuela and even Russia are present inthe Asian market. Therefore, competition is so tight and it looks logical if Saudi Arabia drops its oil price inorder togain its share, reports the Iranian news agency.
In reply toa question whether Iran will drop its oil price inthe Asian markets likeSaudi Arabia, he said, Finally we should compete and Iran will reduce its price formula, reported the Iranian news agency.
By Sputnik News
