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Iran Oil Minister Bijan Zangeneh has indicated the heavy US pressure on Iran`s sales of oil products. and the effects of sanctions on the country`s `gas plans` with Pakistan.
`The threats against OPEC have partly foreign and domestic origins. The current trend in the market indicates that the OPEC`s positive move on cutting the oil output was accepted.` the minister said.
He described the recent OPEC meeting as being `under serious US pressure`. and said that the major pressure against Iran was inflicted by two neighboring countries.
`If we would have agreed with the cut in production. 600.000 barrels of crude oil would be reduced from our production. but through Iran`s persistence. the country was exempted from the OPEC output cut plan.` he said.
Zangeneh. further speaking about the US sanctions. said the pressure was more on the oil products than crude oil.
