Iran Hopes for OPEC-Non-OPEC Understanding Regarding State's Exclusion From Deal
Iranian Oil Minister Bijan Zangeneh expressed his hope Thursday that the country's decision to depart from the deal reached by the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel states on oil production cuts would be met with understanding from the other signatories.
On Wednesday, Zangeneh said that Tehran was not going to discuss oil production quotas with OPEC while it was being subjected to Washington's sanctions.
On Wednesday, Zangeneh said that Tehran was not going to discuss oil production quotas with OPEC while it was being subjected to Washington's sanctions.
"I think they should understand our situation and we expect them to cooperate with us. This is a minimum cooperation. But if they don't do it, we will not accept anything else," the minister said.
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