Iran General NewsDemand doubts jeopardize OPEC investment: Iran

Demand doubts jeopardize OPEC investment: Iran

March 18, 2009

Reuters: An unsure outlook for oil demand is threatening OPEC's investment in projects to bring more oil onstream and avoid another price spike, Iranian Oil Minister Gholamhossein Nozari said on Wednesday.

VIENNA (Reuters) – An unsure outlook for oil demand is threatening OPEC's investment in projects to bring more oil onstream and avoid another price spike, Iranian Oil Minister Gholamhossein Nozari said on Wednesday.

"Uncertainty about oil demand will put OPEC investments in capacity at risk…. The current price level prevents new investment projects and has suspended current projects," Nozari said.

He was speaking at the opening session of a two-day OPEC seminar of leading world energy officials.

Reports: Russia confirms Iran missile contract

Iran rejects U.K. pressure to end uranium enrichment program

Ram https://iranfocus.com/wpen

How the Strait of Hormuz Crisis Impacts the Livelihoods of the Iranian People

Maritime Blockade is Worse Than War, President of Iran-China Chamber of Commerce Warns

Retirees in Iran Demand Action on Their Grievances

U.S. Sanctions Cryptocurrency Exchange Network Linked to Iran’s regime

Veteran War Commander Takes Over Iranian Regime Security Council

Saudi-Led Coalition Bombs Hodeidah Port Are in Escalation of Clashes with Tehran-Backed Houthis

Death Fatwa: Salman Rushdie’s Attacker Coordinated with an Individual in Iran

U.S. Conducts New Wave of Strikes Against Iran’s Regime, IRGC Attacks Bahrain, Kuwait, Jordan

The Secret of the Kolang Mountain Nuclear Shelter

Iranian Regime Transfers Thousands of Centrifuges to Underground Mount Kolang Tunnel Complex

New Uncertainty Surrounding Iran’s Underground Nuclear Facilities

Iranian Regime Parliament Speaker: No Access Will Be Granted to Bombed Sites

Retirees in Iran Demand Action on Their Grievances

Continued Labor Protests: Telecommunications Retirees Rally in Various Iranian Cities

Retirees Keep the Flame of Civil Protest Alive in Iran

Iranian Regime Executes Two More Protesters from the January Uprising

Iran’s IRGC Pays for Al-Qaeda’s Military Operations in the Middle East

Iran’s Regime Has Spent $50bn In Syria, Leaked Documents Show

The Truth Behind Tehran’s New Diplomatic Campaign

Demand doubts jeopardize OPEC investment: Iran

Latest news

Iran: No to Execution Tuesdays Campaign Marks 133rd Week

British Couple Imprisoned in Iran End Hunger Strike After Nearly Three Months

How the Strait of Hormuz Crisis Impacts the Livelihoods of the Iranian People

Maritime Blockade is Worse Than War, President of Iran-China Chamber of Commerce Warns

Veteran War Commander Takes Over Iranian Regime Security Council

Fresh Warning Over Continued IRGC Attacks on Commercial Shipping

Must read

U.N. council condemns attack on UK embassy in Iran

Iran’s Supreme Leader Khamenei Issues a Lofty Vision for the Troubled Country

You might also likeRELATED
Recommended to you

Demand doubts jeopardize OPEC investment: Iran

Latest news

Must read

You might also likeRELATEDRecommended to you

You might also likeRELATED
Recommended to you