Monday, April 26, 2010

Iran Wants Crude Oil Prices to Go Higher, U.A.E. News Agency Say

By Maher Chmaytelli

April 23 (Bloomberg) -- Iran wants crude oil prices to be higher than what they are now, the United Arab Emirates’s state- run news agency Wam reported, citing Iranian Oil Minister Masoud Mir-Kazemi.

Mir-Kazemi, speaking at a petroleum exhibition in Tehran, said current oil prices are “unfair” to producers in view of the increasing costs of extraction, according to Wam.

To contact the reporter on this story: Maher Chmaytelli in Dubai at

To contact the editor responsible for this story: Maher Chmaytelli at

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