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                                        Volume. 11870

Iran forms special committee to resolve Crescent row
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TEHRAN – The National Security Council of Iran has formed a special committee to follow up and resolve the row with the United Arab Emirates over the disputed Crescent deal.
 
Former Iranian oil minister Rostam Qasemi is a member of the committee, Iranian MP Mousa Ahmadi told the Mehr News Agency on Saturday.
 
The National Iranian Oil Company and Sharjah-headquartered Crescent Petroleum signed a 25-year gas contract in 2001, with a price linked to oil. But as oil rallied some Iranian officials called for a revision to the price formula and blamed the price dispute for delivery delays.
 
Javad Oji, the former head of the NIOC, said the contract had been nullified and that from now on: “The oil ministry’s policy is the direct sale of gas to the UAE government.”
 
However, Iranian Oil Minister Bijan Namdar Zanganeh said on November 30 he was pursuing Crescent case and will send the necessary documents to the court investigating the issue.
 
MP Hossein Amiri Khamkani quoted Zanaganeh as saying the “in the Crescent case, we are pursuing transparency”.
 
According to Zanganeh, national interests of the country would be taken into account in Crescent case due to its sensitivity.
 
 

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Last Updated on 07 December 2013 15:44