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. 


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