IRAN: Saudi Arabia Is Making A 'Serious Mistake

[tesla]

• MICHELLE MOGHTADER, REUTERS

• JAN. 1, 2015, 6:51 PM

DUBAI (Reuters) - Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world's biggest crude exporter, takes action to reverse the slump, Iran's deputy foreign minister told Reuters.

Hossein Amir Abdollahian described Saudi Arabia's inaction in the face of a six-month slide in oil prices as a strategic mistake and said he still hoped the kingdom, Tehran's main rival in the Gulf, would respond.

Oil prices closed on Wednesday at a 5-1/2 year low, registering their second-biggest ever annual decline after OPEC oil exporters, led by Saudi Arabia, chose to maintain oil output despite a global glut and calls from some of the cartel's members - including Iran and Venezuela - to cut production.

"There are several reasons for the drop of the price of oil but Saudi Arabia can take a step to have a productive role in this situation," Abdollahian said.

"If Saudi does not help prevent the decrease in oil price ... this is a serious mistake that will have a negative result on all countries in the region," Abdollahian said in an exclusive interview on Wednesday evening.

His comments highlight continued tensions between the Shi'ite Muslim republic and Sunni Muslim kingdom, locked in a battle for regional power and influence despite hopes of rapprochement since the inauguration of Iran's President Hassan Rouhani in August 2013.

Abdollahian said Iran would have more discussions with Saudi Arabia about the oil price, both through oil officials at OPEC and through the foreign ministry. He did not give specific details on when any meeting might take place.

Saudi Arabia said last month that it would not cut output to prop up oil markets even if non-OPEC nations did so.

The Iranian deputy minister also criticized Saudi military involvement in Bahrain, which has been gripped by tension since 2011 protests led by majority Shi'ite Muslims demanding reforms and a bigger role in running the Sunni-ruled country.

Abdollahian said Bahraini authorities' continued detention of Shi'ite opposition leader Sheikh Ali Salman would have "serious consequences" for the government there.

Tehran and Riyadh accuse each other of interfering in the pro-Western Gulf island kingdom, one of several countries where their power struggle has played out. They also support opposing sides in wars and disputes in Iraq, Syria, Lebanon and Yemen.

IRAN: Saudi Arabia Should Move To Curb Oil Price Fall - Business Insider

 

[Hasbara Buster]

Everything about Saudi Arabia was and is a mistake; a country that is ruled by corrupt, primitive and despotic kings, a country that has no constitution, no press freedom, no nothing whatsoever.

 

[Beast]

Iran could have stop all their oil production and I can bet oil price will go up.

I think its quite ridiculous to put the blame on Saudi. If oil price goes up becos you cut down your oil production then you are back to square one for profit.

No countries will try cut down on oil production at this moment and trying to ask one country to cut down oil production for the sake of others is a tall order and even unreasonable.

 

[Superboy]

CO2 level up to 400

ESRL Global Monitoring Division - Global Greenhouse Gas Reference Network

 

[Hussein]

Iran could have stop all their oil production and I can bet oil price will go up.

I think its quite ridiculous to put the blame on Saudi. If oil price goes up becos you cut down your oil production then you are back to square one for profit.

No countries will try cut down on oil production at this moment and trying to ask one country to cut down oil production for the sake of others is a tall order and even unreasonable.

considering how your country is behaving towards ours, mind to shut up.

and we should cooperate , instead of insulting ,with saudis and other
so we can get fair prices for the oil for all of producers
but mister genius, Iran is weak and has no real power to decide the price of oil nowadays

 

[MarkusS]

I think the price is very fair. I love how cheap i can fill my car to the max and save money. I hope it stays on this low level a long time.

 

[root]

Yes i am also happy with new price. Thank you saudi arabia for decreasing oil price.

 

[AZADPAKISTAN2009]

Putin will invade Saudi Arabia liberate it

 

[IRAN 1802]

I think the price is very fair. I love how cheap i can fill my car to the max and save money. I hope it stays on this low level a long time.

loI

If oil was in hands of Europe they sold it at least 300 dollars per barrel. Unfortunately the idiot rulers of GCC are burning Islamic wealth. Even the tin barrel is more expensive than 50 dollars.

 

[root]

They will have to end Pakistan first because saudi arabia have alot of support from pakistan and we will not allow saudi arabia invasion.

 

[Max]

They will have to end Pakistan first because saudi arabia have alot of support from pakistan and we will not allow saudi arabia invasion.

Pakistan cannot stop russia from invading other country.

loI

If oil was in hands of Europe they sold it at least 300 dollars per barrel. Unfortunately the idiot rulers of GCC are burning Islamic wealth. Even the tin barrel is more expensive than 50 dollars.

Its good for muslims too.. There are more muslims living in those countries which dont posess big oil reserves. Saudia is doing right.

 

[Hussein]

PRIX DES CARBURANTS et EVOLUTION DEPUIS 1956, part des TAXES
Prix un litre de Brent : 0.30 €
Taxes TCIP et TVA : 0.79 €
Marges Petroliers : 0.19 €
Prix moyen SP95 : 1.28 €

it means that for 30cents of oil sold by producer , people pay 79 cents just for national taxes
oil company in France takes 19cents

fyi

 

[root]

Pakistan cannot stop russia from invading other country.

Russia is not that good as you think it cannot afford to go on war with any country right now.US & EU have f*cked them up.Anyway i am saying Pakistan will try to help in any way possible to stop invasion.

 

[Max]

Russia is not that good as you think it cannot afford to go on war with any country right now.US & EU have f*cked them up.Anyway i am saying Pakistan will try to help in any way possible to stop invasion.

 

[Hurter]

I think the price is very fair. I love how cheap i can fill my car to the max and save money. I hope it stays on this low level a long time.