17 December 2014 - 17:44
  • News ID: 231175
Falling Oil Price, a Political Plot

TEHRAN Dec 17 (Shana)--Iran’s Petroleum Minister Bijan Namdar Zangeneh has said that the continuing oil price slide constitutes a political plot.

“The prolongation of the downward trend of oil price in world markets is a political conspiracy going to extremes,” the minister said.

He said that the falling oil prices initially stemmed from overglut in markets.

He referred to the recent ministerial meeting of the Organization of the Petroleum Exporting Countries (OPEC) and said: “In that meeting, I noted that Iran, whose oil exports have declined in recent years due to sanctions, will by no means agree to scale back on its share in the oil market.”

“We have to make efforts to overcome the sanctions by resistance and force,” said Zangeneh.

The minister also said that the Khatam al-Anbia Construction Headquarters, the engineering arm of the Islamic Revolution Guards Corps, is no rival for the private sector.

He said Khatam al-Anbia should try to become a general contractor by interacting with domestic and foreign companies.

News ID 231175

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