Adding to his previous comments ahead of the OPEC+ meeting, Iranian Oil Minister Bijan Zanganeh further said that the problem is not concerning the 6 or 9 month of global production cut extension, it’s about OPEC’s authority. Key quotes from the Organization of the Petroleum Exporting Countries (OPEC) member are as follows.
Key Quotes
- 6 Months or 9 months is not important.
- Problem is OPEC authority is under threat.
- Will reject the charter of cooperation with non-OPEC.
- Think it will be an easy session because stance is clear.
- Believe OPEC will die with such current processes.
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