Iran Mulls Cheap Oil Exports to Poor Nations

[Judi Lynn]

Iran Mulls Cheap Oil Exports to Poor Nations

Iran's oil ministry said yesterday it was studying a presidential proposal to sell cheap crude to poor countries a plan redolent of Venezuela's attempts to counter US influence through cut-rate energy exports.

President Mahmoud Ahmadinejad in April proposed strengthening the OPEC fund to lighten the burden of surging oil prices on poorer countries while ensuring that rich nations paid the full price.

Iranian Oil Minister Kazem Vaziri-Hamaneh said the world's fourth biggest oil exporter was weighing this idea.

"The president's proposal of selling cheap oil to poor countries is being studied and analyzed," Vaziri-Hamaneh was quoted as saying by the official IRNA news agency.
(snip/...)

http://www.china.org.cn/english/international/177318.htm

(China Daily August 8, 2006)

[Bhaisahab]

1. that's going to piss off the Bush crowd even more :) n/t

[Extend a Hand]

2. I wonder how much longer the rest of the world

will stand for the 5% of the world population in the U.S consuming 25% of the world's fuel supplies.

[maddezmom]

3. duplicate topic

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=2441079