Former Iranian president denounces "injustice" of oil market

Published October 2nd, 2000 - 02:00 GMT

Iran's former president, Akbar Hashemi-Rafsanjani, on Friday blasted the "injustice" of the oil market, complaining that producer nations receive only fractions of the prices paid by western consumers. 

 

Rafsanjani, delivering a Friday sermon in Tehran as members of the Organization of Petroleum Exporting Countries meet in Venezuela, called the situation "one of the most important issues discussed in the world today." 

 

"More than $100 ends up in the hands of consumers from each barrel of oil we sell, and we get $30 at the most," he said. 

 

Rafsanjani said the arrangement was in the interest of "pushy governments" and that the "issue has to be resolved if we want the oil market to reach stability." 

 

He noted that, for the first time, there was a strong call for a decrease in the taxes western governments put on oil. 

 

"This issue has to be resolved if we want the oil market to reach stability," he said. – (AFP) 

 

© Agence France Presse 2000 

 

 

© 2000 Mena Report (www.menareport.com)

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