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Thursday, 25 August 2016

Iran’s oil minister will join Opec talks on market in Algeria | GulfNews.com

Iran’s oil minister will join Opec talks on market in Algeria | GulfNews.com:

"Iran’s Oil Minister Bijan Namdar Zanganeh will participate in an informal meeting of Opec members next month in Algiers, a state news service reported.
Producers from the Organisation of Petroleum Exporting Countries will meet on the sidelines of an energy policy group in the Algerian capital next month to consider oil market conditions, Opec’s president, Qatar’s minister Mohammed Al Sada, said on Aug. 8. Saudi Arabia, the world’s largest exporter, is working “to restore balance between supply and demand to support oil prices,” and Opec and non-members will discuss potential steps in Algiers to stabilise markets, Saudi Energy Minister Khalid Al-Falih said on Aug. 13.
“I will participate in this meeting,” Iran’s Zanganeh was cited as saying by the oil ministry’s news service Shana. Zanganeh had not previously committed to attending the meeting, and he didn’t comment on the position Iran will take at the talks. Zanganeh also said he will meet with Opec Secretary General Mohammed Barkindo “in the near future.”"



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