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2019-07-02 14:40:00

IRAN HAS BEEN EXEMPTED

IRAN HAS BEEN EXEMPTED

SHANA - Iranian Minister of Petroleum Bijan Zangeneh said the country was exempted from an agreement among OPEC members to continue capping the producer body's crude oil output by 0.8 mbd.

"Fortunately, amendments were made to the OPEC and Non-OPEC Cooperation Charter, and decisions of this charter are not binding and will not create an obligation for the countries," Mr. Zangeneh said to reporters in Vienna following the 176th OPEC Meeting.

According to Zangeneh, the statement of…

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Tags: IRAN, OPEC, OIL, PRODUCTION, PRICE
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