Tag Archives: Oil Minister

Iran is exempt from an agreement between major global oil exporters to maintain cuts of 1.2 million bpd until March 2020.

Iran'.s oil minister says the world'.s energy supply is threatened by the United States. not Iran which is a major guarantor of energy stability and peace in the region.

The US has turned from a major oil consumer into a major producer.

China is a signatory of the nuclear deal and has condemned Washington’s decision to exit the deal.

Iranian Oil Minister Bijan Zangeneh said Falih is a technocrat and a respectable person and does not often speak politically. and he must have probably been asked to say such political things.

Iran is satisfied with the new decisions made in the recent meeting of the Organization of the Petroleum Exporting Countries (OPEC). including an extension to supply cuts to the global market and the exemption for Tehran.

Tehran has no problem with reducing global crude production.

Tehran lashed out at Washington for its attempt to wield influence on the Organization for Petroleum Exporter Countries (OPEC) through Saudi Arabia to undermine the role of Iran and Venezuela as the two major members of the oil cartel.

Iranian Parliament Speaker Ali Larijani said that Washington has failed in its attempts to prevent Iran'.s oil sales and its purchase of goods from other countries.

The cuts had previously been agreed by Russia and OPEC kingpin Saudi Arabia at the G20 summit in Osaka last weekend.