Ahmadinejad: ‘Iran should axe crude exports’

by on July 31, 2012 11:30 am BST

The outspoken leader slammed political rivals for creating a
false oil price as he pledged to forge ahead with Iran’s refinery plans.

The Middle Eastern hydrocarbons powerhouse is currently
struggling under the weight of international sanctions on its oil exports.

On Tuesday Ahmadinejad called for crude oil exports to
cease, blaming international political powers for manipulating oil prices to
put pressure on producing nations, according to a report from state Islamic
Republic News Agency (IRNA).

Ahmadinejad made the remarks at a ceremony to mark the
opening of an oil refinery in Tehran.

IRNA quoted him as saying oil prices are determined “based
on political situation instead of economic conditions”.

He continued: “If not so, the real price of oil should have
been very much higher in the market than what it is presently.”