Iran Economy NewsIran says it blocked OPEC oil output increase

Iran says it blocked OPEC oil output increase

-

Iran Focus: Tehran, Jun. 13 – Iran’s top oil official said on Sunday that Tehran managed to prevent OPEC from increasing its output during the oil cartel’s latest meeting last Wednesday.

Iran Focus

Tehran, Jun. 13 – Iran’s top oil official said on Sunday that Tehran managed to prevent OPEC from increasing its output during the oil cartel’s latest meeting last Wednesday.

Mohammad Aliabadi, Iran’s caretaker oil minister, stated it was due to Iran’s reasoning and co-operation from other countries that the Organization of Petroleum Exporting Countries decided to keep its output low thus countering the “desire” of the United States and its allies for an output hike.

Iran’s official news agency IRNA reported Aliabadi made the comments at the end of a cabinet meeting on Sunday.

“In the recent meeting of OPEC held in Vienna the three countries of Saudi Arabia, the United Arab Emirates (UAE), and Kuwait tried to put into effect the decision they made last month in their meetings in the US to increase OPEC’s output”, he said, adding that Tehran opposed their decision on the grounds that the they were acting as “coordinators for the US” in OPEC.

“Most OPEC member-states agreed with Iran’s strategy which was avoiding an increase in the output”, he said.

Latest news

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

The implications of EU’s terrorist designation of the Revolutionary Guards (IRGC)

The European Parliament called on January 18 for the European Union to list Iran's Revolutionary Guards (IRGC) as a...

Iran’s Regime Is Hiding Human Rights Violations In Its Prisons

With more than four months into Iran’s latest round of nationwide uprisings, the brutality of the Iranian regime’s security...

How Internet Censorship Is Damaging Iran’s Economy

While in the last four months, internet access in Iran has been cut off or severely limited, the regime’s...

Must read

Iran threatens to end cooperation with IAEA if referred to UN

Iran Focus: Tehran, Iran, Jan. 30 – Iran once...

Cyprus: Detained ship broke Iran arms export ban

AP: A ship detained off Cyprus has breached a...

You might also likeRELATED
Recommended to you