Zangeneh: Iran crude exports not affected market adversely

Zangeneh: Iran crude exports not affected market adversely
Minister of Petroleum Bijan Zangeneh said here on Wednesday that Iran has not negatively impacted the oil market by doubling the country's crude oil exports.

Zangeneh made the remarks on the verge of the 169th ordinary meeting of the members of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, Austria, due on June 2, 2016.

He reiterated that OPEC is an organization to maximize its members' interests by ensuring stability in the market. 

'If OPEC plays this role, the Islamic Republic of Iran will support its goals and principal structure,' he said. 

He underscored that Iran has doubled its crude exports and the increase has not affected the market negatively, but have been absorbed properly by the market.

The minister added seven candidates from Iran, Iraq, Saudi Arabia, Indonesia, Nigeria, Equator and Venezuela have been selected for OPEC secretary general's post.

Zangeneh is scheduled to travel to Vienna today to attend the 168th OPEC meeting.


Jun 1, 2016 12:57
IRNA |

Comments


Sender name is required
Email is required
Characters left: 500
Comment is required


تصویر نمادالکترونیکی

About Us

The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.