Iran's Economy Minister Shamseddin Hosseini may represent the Islamic Republic at the next meeting of the Organization of Petroleum Exporting Countries, a person familiar with the matter said over the weekend.
Iran
's
Economy Minister Shamseddin Hosseini may represent the Islamic Republic at the
next meeting of the Organization of Petroleum Exporting Countries, a person
familiar with the matter said over the weekend.
"It's a possibility," the person familiar with the matter said.
The considerations are bringing some clarity over who could chair the gathering
at a key juncture for the producer group.
Iran
's Oil
Ministry caretaker head, President Mahmoud Ahmadinejad, has told officials he wouldn't
attend, breaking away from earlier governmental statements that he would come.
Attendance by the economy minister, who would represent the holder of the
presidency
Iran
,
would make sense for the country at a time of increased budgetary needs from
oil revenues.
But
Iran
's
OPEC governor Muhammad Ali Khatibi said last week that "we are waiting for
a decision from the president."
OPEC will have to decide June 8 in
Vienna
if it
increases its output quotas or keeps them unchanged.
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