Iran to OPEC: We Don't Need No Permission From OPEC to Return to Oil Market

© Flickr / Neal WellonsOil Pump Jack
Oil Pump Jack - Sputnik International
Subscribe
Tehran has informed OPEC that it was prepared to reenter the oil market once Western sanctions were lifted against the country, Iranian Petroleum Minister Bijan Namdar Zangeneh said Friday.

Global oil prices continued falling Friday amid a worsening forecast by OPEC on oil demand by 2035 - Sputnik International
World Braces for News on Oil Prices as OPEC Members Hold Meeting in Vienna
VIENNA (Sputnik) – Zangeneh said ahead of the OPEC meeting in Vienna:

“We don’t need permission from OPEC to return to the market. This is our right, we were limited by sanctions and this is completely normal if we return to the market with the ceiling we had before [the sanctions were imposed].”

“We will begin increasing production immediately after the sanctions are lifted. I sent a letter to the OPEC countries so that they are ready and review our request to return Iranian oil to the market,” he said.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала