UP

Iran will not cut oil output until sanctions are lifted

Home page World
12 Punto 14 Punto 16 Punto 18 Punto

Iran will not reduce its oil production output in accordance with the agreement reached in the OPEC+ format, Minister of Petroleum Bijan Namdar Zangeneh told reporters after the session of the OPEC-Non-OPEC Joint Ministerial Monitoring Committee (JMMC) in Vienna.

Axar.az reports citing TASS.

"We should be excluded from any decision on output quotas in the future until sanctions are lifted," Zangeneh said.

The minister did not specify the Iran's current level of production as he said it might serve as a pretext for the US to extert pressure on Tehran. "If they [the US] want to exert pressure on Iran through OPEC, this is unprofessional, and I want to add that OPEC is not part of the US Department of Energy, so it does not need instructions from the US on what to do," he added.

The JMMC meeting was held in Vienna on December 5. The participants agreed to recommend OPEC members to cut output in the first half of 2019. Production will be cut by around 1 mln barrels per day. Ministers of OPEC countries will consider the recommendation on Thursday, non-OPEC states - on Friday.

The US imposed sanctions on Iran on 5 November 2018.

Date
2018.12.06 / 11:13
Author
Axar.az
See also

Romania summons Russian ambassador

Turkish plane makes emergency landing in Iran's Urmia

IDF estimates over 300,000 Palestinians evacuated Gaza City

First sick children have left Gaza for UK

Jerusalem court convicts yeshiva student of spying for Iran

Israeli forces entered western Daraa in southern Syria

Wildfire breaks out in TUrkiye’s Bursa province

Armenian Minister of Defence visits China

India's northeast is hit by a 5.8 magnitude earthquake

US-Israel alliance is as ‘durable as the stones’

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla