OPEC to Welcome Iran’s Return to Oil Market After Sanctions End

The Organization of Petroleum Exporting Countries will welcome Iran’s return to the oil market when the US sanctions are removed, the secretary-general of OPEC said.
“The National Iranian Oil Company has the capacity to bring on substantial production volumes within a short period of time,” Haitham al-Ghais, who is visiting Tehran for the first time, said in an exclusive interview with the Oil Ministry’s news portal Shana on Tuesday.
"We believe that Iran is a responsible player among OPEC members. I am positive there will be effective collaboration to ensure that the market will remain balanced as OPEC has continued to do over the past many years.”
Al-Ghais praised Iran as a founder member of OPEC that has always had fruitful, effective and constructive cooperation with other members.