Iraq’s oil minister accused Iran of selling...
Iraq’s oil minister accused Iran of selling oil below the official price of the Organization of Petroleum Exporting Countries. “Iran is offering quantities of its oil in prices less than OPEC’s, with rates reaching between $1.5 to $2 per barrel (below the OPEC level,)” Issam Abdul-Rahim al-Chalabi told reporters. Both Iran and Iraq are members of OPEC, whose official price is $18 per barrel. Chalabi, whose country has been at war with Iran for more than seven years, was speaking after the opening of an Arab symposium on the oil and gas industry.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
