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Iran to maintain opposition to OPEC quota increase

Yahoo, 26 June 2011

Iran will continue to oppose pressure from consumer nations for an increase in oil cartel OPEC's output quota, its caretaker oil minister said on Sunday. "In accordance with the supply and demand situation, Iran will oppose raising OPEC's oil production quota ceiling at the next meeting (on December 14)," Mohammad Aliabadi told the Mehr news agency.