Iran not participating in OPEC production talks

Iran not participating in OPEC production talks
ID : N-3633 Date : 2018/12/06 - 09:42

(Persia Digest) – Speaking about Iran’s track record for supporting OPEC and its efforts for a stable market, the Iranian Petroleum Minister said: “Iran will not participate in any OPEC negotiations for oil production for as long as the sanctions last. It must be exempted from any decisions on production levels.”

Bijan Zangeneh stated upon arrival in Vienna: “Many propositions have been made for production cuts. Those members who wish to cut production must decide.”

He did not comment on Iran’s production and export levels, saying: “This will only lead to the US exerting more pressure on Iran.”

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He put the right price for every barrel of oil at USD 60-70. Speaking about the meeting of the US Department of State envoy with OPEC members on Iran, he said: “If Brian Hook has come to Vienna to submit a US request for membership in OPEC, this can be considered. If he has come to exert more pressure on Iran via OPEC, this is unprofessional.”

Zangeneh reiterated: “OPEC is an independent organization and not part of the US Department of Energy to take orders from Washington.”

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He also commented on Qatar leaving OPEC: “Iran is not happy about Qatar leaving OPEC. But we are not aware of their reasons for such a move.”

The Minister also responded to a question about Iran leaving OPEC, stating: “Iran is one of the founders of OPEC and will not be leaving the organization.”

Persia Digest (PD) reports that the OPEC meeting will take place today, 6 December. An OPEC and non-OPEC members meeting will take place tomorrow, Friday 7 December, in Vienna.

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