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  • Zangeneh: Iran’s Return to Oil Market Is The Main Task

Zangeneh: Iran’s Return to Oil Market Is The Main Task

Iranian Minister of Petroleum, Bijan Zangeneh, said after the 181st Meeting of the OPEC Conference that the main responsibility of the next petroleum minister is to help Iran return to the oil market and get our lost market share back which was caused by the sanctions.

I am happy that I have carried this huge burden of responsibility on my shoulder for years and I hope to put it down safely, properly and honestly. I asked all OPEC members to support next petroleum minister, he said.

About OPEC meeting, Zangeneh said it was an ordinary meeting of OPEC not an extraordinary one and we mostly focused on some paperwork such as approving financial reports and selecting the auditor. And, most technical reports are due to be presented in OPEC Plus meeting.

The decision on easing oil output cuts or increasing production is to be made in OPEC Plus meeting which will be held in hours, he added.

The OPEC’s decisions are mainly based on reaching consensus, he said, adding oil market condition has not created any differences.

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