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Category: fuel-energy

Iran Hails Russia’s Role in Oil Production Cuts

Iran’s Oil Minister Bijan Namdar Zanganeh said the Organization of the Petroleum Exporting Countries agreed to exempt Iran from a plan for a cut in oil production after tough and intensive talks, noting that Russia played a constructive role in the meeting as a non-OPEC member.
OPEC agreed to cut output despite the US pressure, Zanganeh said on Friday, adding that Iran’s oil production ceiling remained unchanged after “very intensive and tough negotiations” with the OPEC members.

“We negotiated for about 10 hours with the OPEC members in order to exempt Iran from OPEC’s output reduction deal,” the Iranian minister said. ادامه نوشته