Iran rejects Opec's oil output increase

Created July 30th, 2007 by Victoria_Cheng

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http://www.gulf-daily-news.com/Story.asp?Arti...

Due to increasing oil prices, OPEC has increased its oil output quota. However, Iran does not believe that the price increase is due to the quota, but rather to high summer demand, so it has refused to follow suit.

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Iran rejects Opec's oil output increase

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