Oil-producing countries should create space for Iran when we increase our exports after sanctions are lifted ... Non of OPEC's members are happy with the current oil prices and the market is oversupplied ... Political factors are behind the low prices.

Oil Minister Bijan Zanganeh

Categorized in : Energy

Iran has no plans to leave OPEC...and regrets that some members of OPEC have turned this organization into a political forum for confronting two founding members of OPEC, meaning Iran and Venezuela, and two regional countries are showing enmity toward us in this organization. We are not their enemy but they are showing enmity toward us...and (they) use oil as a weapon against us in the global market and world.

Oil Minister Bijan Zanganeh

business

We have thought about confronting America's actions and constantly have found and will find new ways and anyway this is a war where we are standing strong and will not retreat.

Oil Minister Bijan Zanganeh

business

I have written a letter to OPEC saying that the sanctions are being lifted and that we are returning (to previous production levels), we are not asking anybody's permission to get our rights back.

Oil Minister Bijan Zanganeh

energy

We are already doing marketing, and within a day after the lifting of sanctions we will raise (production) by 500,000 barrels per day.

Oil Minister Bijan Zanganeh

energy

Iran has no plan (to hold an emergency OPEC meeting) and is currently in consultations with other OPEC member states in a bid to prevent the sharp fall in the oil price, but these consultations have yet to bear fruit.

Oil Minister Bijan Zanganeh

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