-"I think next week, we're going to send a delegation to China to discuss the Yadavaran field and also the LNG project. We are preparing the initial stage of preparing the contract but the contract is not yet signed. But we are preparing the stages for the signing."
- Iranian oil minister Kazem Vaziri Hamaneh on talks held with China for Chinese companies to develop oilfields in Iran.
 
 
 
"Most responsible leaders would tell you today that they consider prices too high. We are in a situation where supply is roughly equal to the demand."
- US Energy Secretary Samuel Bodman, arriving for the start of the producer-consumer forum in Doha.
 
 
 
"Nobody is asking for additional crude. You know and I know that the reasons for the price being where it is is not a shortage of supply."
- Saudi Arabian oil minister Ali Naimi explaining how oil markets did not need more crude oil because inventories were at their highest level.
   

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