Home / Oil & Energy / Oil & Companies News / Iran will not reduce oil output, to stay in OPEC – Zanganeh

Iran will not reduce oil output, to stay in OPEC – Zanganeh

Iranian Oil Minister Bijan Zanganeh said that his country has no plans to reduce its oil production, but will remain a member of OPEC, the official news agency IRNA reported.

OPEC and its Russia-led allies agreed on Friday in Vienna to slash oil production by more than the market expected in a bid to shore up prices despite pressure from U.S. President Donald Trump to reduce the price of crude.
Source: Reuters (Reporting by Rania El Gamal; Editing by Adrian Croft)

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping