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News ID: 5358
Asia » Asia
Publish Date: 12:09 - 25 October 2014
Tehran, YJC. Iranian member of parliament says the recent move by Saudi Arabia in reducing oil prices injures Islamic countries.

Nasser Mousavi Largani, member of the Economic Committee of the Majlis, in interview with the Islamic Consultative Assembly News Agency said "The recent reduction in oil price is the continuation of Saudi Arabia’s policies which have always opposed Islamic countries, especially Iran; and which have always favored arrogant states and the Zionist.”

Pointing out that most of the OPEC members are Muslim countries, he stated that Saudi Arabia’s oil price reduction follows a plan to create problems for the members.
it is a pity that we do not see the activeness necessary in the Oil Ministry to take the market back to balance and to disparage the plan, he noted.

Largani further stated "We ask the Oil Ministry to help convene the OPEC session as soon as possible. The Foreign Ministry also have to enter the scene along with the Oil Ministry, to hold meetings with foreign ministers of OPEC members and ambassadors, and to devise policies whereby to prevent this downhill trend.”

The MP stressing the urge to stop the downward trend on oil prices said "Maybe if it was 10 years ago, the reduction of oil prices would have damaged the country’s economy quite a lot. But as our dependency on oil has diminished, it is not us who are going to suffer, but certainly there are other countries which will suffer.”

largani ، oil ، price ، saudi ، arabia ، economy
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