Iran oil minister says does not expect OPEC policy change at Dec. 4 meet | Reuters

Iran oil minister says does not expect OPEC policy change at Dec. 4 meet | Reuters:

"Iran's oil minister said on Saturday he did not expect OPEC to change its output policy when it meets next month, and had told the exporting group of its own plans to boost production, for which it did not need permission.

"To increase Iran's oil production in the global market after the lifting of sanctions, we don't need permission from OPEC (the Organization of the Petroleum Exporting Countries) or any other organisation," Iran's oil minister, Bijan Zanganeh was quoted as saying by IRNA on the sidelines of the meeting of the Gas Exporting Countries Forum (GECF) in Tehran.

Asked if he expected OPEC to maintain its strategy at the meeting on Dec. 4, he said: "I don't expect to receive any new agreement.""



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