88307
NIOC Needs to Maintain Current Output, Exports
NIOC Needs to Maintain Current Output, Exports
Wednesday, June 20, 2018

NIOC Needs to Maintain Current Output, Exports

Wednesday, June 20, 2018

NIOC Needs to Maintain Current Output, Exports

Despite the US-Saudi Arabia ploy to coerce OPEC members' to raise output, the National Iranian Oil Company should strongly hold its position to maintain oil production and exports at the current levels.
Reza Modir, the Oil Ministry's former deputy director for OPEC affairs, made the statement in an interview with ILNA on Tuesday.
According to Modir, this is not the first time Saudis have been told to change their policies, as the same scenario was repeated in 2000 when Bill Richardson, the then US secretary of energy, compelled Riyadh to boost production, which had friendly ties with Tehran then, but the forthcoming OPEC meeting on June 22 will be fractious due to lack of consensus among members. 
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/cvV9BF
06/20/2018
  1. https://goo.gl/R6pybg
  • https://goo.gl/fuiJwM
  • https://goo.gl/g4zaC2
  • https://goo.gl/6zJ6rR
  • https://goo.gl/dXyF4R

You can also read ...

Turkey Cuts Iran Oil Imports
Turkey’s biggest oil importer Tupras has cut back purchases of...
US Oil Industry Lobbies Against Russia Sanctions
The US oil and gas industry is lobbying against tighter...
Lack of Wind Jeopardizes UK Turbine Investments
It has been a stifling summer of disappointment for investors...
Tabriz Refinery Signs Tail Gas Agreement
Tabriz Oil Refining Company signed a $12 million agreement on...
Kuwaiti Crude Heading for Japan
Kuwait's newly launched Super Light crude oil is increasingly...
MAPNA Ready to Increase Installed Power Capacity
Iran's top engineering and energy enterprise MAPNA Group is...
ICOFC Intends to Boost Gas Condensate Output
The state-owned Iranian Central Oil Fields Company plans to...
EOR Operations Underway at North Yaran Oilfield
Operations are underway to increase oil production at North...

Add new comment

Trending

Googleplus