TEHRAN (Reuters) - Iranian President Mahmoud Ahmadinejad said a “real” oil price would help the world’s environment, the official IRNA news agency reported, in comments suggesting he believed it was now too low.
Ahmadinejad made the comment in a meeting with OPEC Secretary-General Abdallah al-Badri in Copenhagen, where he was attending global climate talks, IRNA said late on Thursday.
“A real price for oil is a way to preserve the global environment and improve climate conditions,” Ahmadinejad said.
Iran, the world’s fifth-largest crude exporter, is a traditional price hawk within the Organization of the Petroleum Exporting Countries (OPEC).
Oil currently trades at about $73 a barrel, still down from record levels of around $147 in mid-2008 despite a recovery since late last year.
Reporting by Ramin Mostafavi; writing by Fredrik Dahl; editing by Michael Urquhart
Our Standards: The Thomson Reuters Trust Principles.