Oil For Poor

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

TEHRAN, Iran, Apr.19 (AFP) – Iran’s President Mahmoud Ahmadinejad has called on oil producers, in particular fellow OPEC members, to sell a part of their crude production to poor countries at “better prices”, the ISNA news agency reported Wednesday. “Oil producing countries, in particular OPEC members, could determine quotas for poor consumers with better prices,” the president was quoted as saying.

“We propose… that producers put aside a part of their their surplus production, to compensate for the pressure on poor countries,” the hardline president added.

His comments came as world oil prices remained within sight of record highs struck the previous day on fears of a US military strike against Iran over its nuclear programme.

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