“We have to acknowledge that OPEC’s role has declined compared with the 1980s and it has turned into a symbolic organization,” Mohsen Qamsari, director for international affairs of National Iranian Oil Company, said.
He said that OPEC’s share in the oil market has shrunk from 62% to 30%, adding: “This organization has become a venue for [oil] producers to express their views.”
Qamsari also said that Iran does not follow Saudi Arabia in its oil policy.
“Iran does not always follow in the footsteps of Saudi Arabia for setting price for its crude oil. At present, Iran’s light crude oil price is higher than Saudi Arbaia’s,” he said.
Qamsari, however, said that Iran considers Saudi Arabia as a “price-maker” due to its high production and exports.
“An important point in selling oil is that the rival’s reaction has to be assessed before setting prices. Arabs are willing to learn of Iran’s crude oil price first,” he said.
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