Iranian Oil Minister Zangeneh said “important changes” have been made to OPEC in a way that decisions made outside OPEC can no longer be imposed on the body for ratification.
Iran’s Oil Minister Bijan Zangeneh said a European mechanism to facilitate trade with his country in the face of US sanctions won’t be useful if it doesn’t allow for oil sales.
Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body’s crude oil output by 0.8 mbd.
TEHRAN - Iran's oil minister some members of the Organization of the Petroleum Exporting Countries (OPEC) risk destroying the energy group, in an apparent dig at Saudi Arabia.
Iranian Minister of Petroleum Bijan Zangeneh met with the OPEC President Manuel Quevedo, who is also Venezuelan Oil Minister, in Vienna ahead of the organization’s 176th Meeting on Monday.
Iran’s Oil Minister Bijan Namdar Zanganeh voiced Iran’s support for an agreement between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, saying, however, that such an agreement would be meaningless without an internal understanding inside the organization.
14 members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to change the date of the upcoming OPEC meeting and the OPEC+ assembly from 25 and 26 of June to July 1 and 2, respectively.
The policy of non-oil reliant budget, which has been raised in the country with seemingly national motivation behind it and without savoir faire, should not let Iran lose its powerful status in the oil market and the OPEC and force us to shut down doors of oil wells where we have invested billions of dollars in the past years; and if the national interests are meant, a domestic production should actually be provided as a replacement for oil revenues in order that Iran could turn to the exports of its processed products and in a gradual plan, it stops selling crude oil. And here is where one should oppose the unwise decisions.
Iran’s oil minister has disagreed with a plan to postpone an upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC), saying Iran would confirm rescheduling the upcoming meeting only if it was to be held on July 10-12 from originally June 25.
Iranian Oil Minister Bijan Namdar Zanganeh said the country doesn’t have any plans to leave OPEC despite the tensions that some fellow-members are creating in the organization, Shana reported on Saturday.