Middle East

Turkey and Egypt agree to an Iran’s OPEC alternative

Cairo: Egypt and Turkey have agreed on an Iranian proposal calling for establishing an organization of ‘Petrochemical Producing Countries’ similar to the Organization of Petroleum Exporting Countries OPEC.

The Iranian Mehr news agency quoted yesterday Abdul-Hussein Bayat, assistant Iranian oil minister, saying that the approval of Egypt and Turkey came on the sidelines of their participation in the talks at the petrochemical committee of the Group of Eight Islamic Developing Nations in Tehran last week, calling on Saudi Arabia and Qatar to participate in the next round [19/05/13]



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