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By Country / Iran

Russian Business Leader Criticizes Iran Cartel Idea

January 29, 2007

Igor Yurgens (left, file photo) (ITAR-TASS)

Igor Yurgens (left, file photo) (ITAR-TASS)

January 29, 2007 -- The vice president of the Russian Union of Industrialists and Entrepreneurs today voiced doubts about a possible gas cartel led by Russia and Iran.


Igor Yurgens, speaking on Ekho Moskvy radio, warned that such a cartel could create political and economic difficulties due to Iran's controversial policies.


Iranian Supreme Leader Ayatollah Khamenei on January 28 suggested Russia and Iran create the gas equivalent of OPEC, the Organization of the Petroleum Exporting Countries.


(IRNA, ITAR-TASS, Interfax)

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The Iranian Economy

Buses being produced at a factory in Tehran (Fars)

IN NEED OF DIVERSIFICATION. Populist Iranian President Mahmud Ahmadinejad is having trouble fulfilling his promises to put the country's petrodollars on the plates of average citizens. Inflation and unemployment remain high and the economy is dominated by the energy sector.


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