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TEHRAN (AFP) – Persia on Sun urged OPEC, especially Arabian Arabia, to chorus from some direct improve in lubricator output, locution underway vulgar production was sufficiency to meet some shortages arising over the unrest in Libya.

"There is no requirement for OPEC members to be precipitous and verify direct decisions" to improve output, Oil Minister leader Mirkazemi said of Arabian Arabia, when asked to comment on Riyadh's substance to equilibrate for some shortage.

Mirkazemi, the underway president of the Organisation of Petroleum Exporting Countries, said that OPEC had so farther not decided to hold some exceptional conference to discuss a improve in output.

"There is no requirement for underway production to increase because period by period the amount of sea and realty lubricator stocks is increasing," Iran's land programme authority IRNA quoted Mirkazemi as saying.

"If a country talks of an production hike, it is not known whether the increase module equilibrate for the decrease in cater from Libya. It is meliorate for OPEC members to exhibit self-restraint and not be hasty," he said.

On February 22, Arabian Oil Minister calif al-Naimi said Riyadh would equilibrate for some lubricator shortages caused by unrest in the Middle East, but added there was no underway shortage.

"There is concern and emotion but there is no shortage," Naimi said, adding that "OPEC and particularly Arabian peninsula module equilibrate some insufficiency because we did that successfully in the past."

Saudi Arabia, the cartel's maximal producer, is pumping around 8.4 meg barrels of lubricator per day, but Naimi said the land ease has a spare power of another four meg bpd.

Iran is OPEC's ordinal maximal lubricator exporter.

World lubricator prices edged upward before the weekend close on worries that escalating unrest in the oil-rich Middle East and North Africa strength turn supply.

New York's light course vulgar for Apr closed up 60 cents to $97.88 a containerful Friday, after an intra-day broad on weekday of $103.41, a take last seen in Sept 2008.

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