He said calling for an emergency meeting before reaching consensus with other members of the organization is against diplomatic procedures because it won’t be good if one member asks for holding an extraordinary meeting and other members turn it down.
On the impact of falling oil prices on the budget, he noted that when we talk about budget revenue we should take into account the average oil prices for the whole year, implying if oil prices were above 100 dollars over the first seven months of the year and then dropped to below 100 dollars in the next five months to hit 80 dollars, for instance, the average will be 94 dollars which will lead to budget deficit just by one billion dollars which is not too much worrying.
Ghorban said economic and political factors each could play a role in oil market fluctuations adding world economy is experiencing downward growth, the U.S and china’s economic growth have witnessed slow down and oil market faces oversupply.
On Iran’s bargaining power in OPEC, Ghorban said: "Sanctions could reduce Iran’s oil exports to around one million barrels per day and accordingly it reduced Iran’s power in OPEC because bargaining power in OPEC depends on oil production capacity and exports of each member".
Elsewhere in his statements to Shana, Ghorban said he disagree with what has been named price war between Saudi Arabia and Iran and does not consider it as a right interpretation of what is really happening in the market.
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