Iran's oil minister Bijan Namdar Zanganeh has described recent OPEC meeting in Vienna as another defeat for the U.S. in its anti-Iran policies.
Iranian president, Hassan Rouhani stressed that the resistance of the Organization of the Petroleum Exporting Countries (OPEC) against US pressure marked another failure for the Americans.
Iran exempted from the OPEC member deal to cut oil production of 1,200,000 barrels per day.
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."
Iranian oil Minister, Bijan Zangeneh says it's not fair during imposed sanctions to ask Iran to further cut its oil production.
Iran's Petroleum Minister Bijan Zangeneh said on Wednesday that OPEC is an independent organization and not part of US Energy Department. Thus OPEC does not take orders from Washington.
Qatar's Energy Minister Saad al-Kaabi said on Monday that the country would leave the Organization of the Petroleum Exporting Countries (OPEC) on January 1, 2019.
Iraq's federal government and Erbil-based Kurdish regional government (KRG) came to an agreement to resume oil exports from Kirkuk to Turkey’s Ceyhan seaport on the Mediterranean coast.
Iran has blamed two monitoring committees of OPEC for not protecting the collective interests of the organization.
The Organization of the Petroleum Exporting Countries (OPEC) is struggling to add barrels to the market after agreeing in June to increase its oil output.