Unilateral Saudi output boost "wrong": Iran official

Iran's OPEC governor said any unilateral output increase by Saudi Arabia would be wrong, the website of Iran's state broadcaster reported on Tuesday.

"If Saudi Arabia acts to increase its output unilaterally it is a wrong thing," Mohammad Ali Khatibi was quoted as saying. "Any output increase should be ratified in this organization's (OPEC's) ministerial meeting."

Saudi Arabia plans to lift output to 9.7 million barrels per day (bpd) in July, United Nations chief Ban Ki-moon said on Sunday after meeting Saudi Oil Minister Ali al-Naimi.

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- Posted: 2008-06-17 08:22:53

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