• Iran Minister of Petroleum Bijan Zangeneh
    Iran Minister of Petroleum Bijan Zangeneh

Iran's oil Minister, Bijan Zangeneh after first day of 175 OPEC meeting conference insisted that "Iran will not join any agreement for output cut as long as sanctions are not totally eliminated."

Iran Press /Iran news: In an interview with reporters after leaving the first day of the 175th OPEC session which held behind closed doors in Vienna of Austria, Zangeneh hopes, OPEC discussions will be fruitful.

'Man lives on hope,' said Zangeneh when asked whether there is any hope for agreement in the OPEC, IRNA reported.

Iranian Oil Minister prior to the OPEC session had said that the 1.3 to 2.4 million output cut is on the table and there will be more discussions on the figures.

Iran is not worried about outcome of the OPEC, Zangeneh added "Iran has no problem with the OPEC output cut and it depends on the decision of majority of the members."

Related News:

Iran won't cut oil production any further under sanctions: Iranian oil Minister

 Bijan Zangeneh said it's not fair during imposed sanctions to ask Iran to further cut its oil production on 6 Dec 2018. 

Meanwhile Iran's oil Minister stressed that Iran will not join any agreement for output cut as long as sanctions are not totally eliminated.

The 175th OPEC session, attended by 14 members, was held behind closed doors for six hours on Thursday and talks will continue on Friday about on a deal to reduce output.

According to Reuters report, OPEC members had agreed to a tiny cut in the output.

Saudi Minister of Energy, Industry and Mineral Resources Khalid A. Al-Falih and Iraq Oil Minister Thamir Ghadhban said while leaving the session that the talks will continue on the production level and with the non-OPEC members on Friday.105/205

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Dec 07, 2018 10:40 Asia/Tehran
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