Saturday , 3 July 2021 (YJC) _Iran’s determination to return to the global oil market immediately after the removal of sanctions with outputs at least on par with the previous shares would by no means be affected by the OPEC+ decisions, Oil Minister Bijan Namdar Zanganeh said.
Iran says the member states of the Organization of the Petroleum Exporting Countries (OPEC) will not benefit if oil prices increase beyond $55 per barrel.
Tehran, YJC. Iran's oil minister has said the country will retain its OPEC quota very soon citing development of the oil fields. He said that the current stalemate in the oil market has been created by the western governments for political ends.
Tehran, YJC. Zanganeh blames Saudi Arabia for a recent plunge in oil prices, asserting that Saudi officials have kept oil prices down to reach their temporary political goals.