The market faces a supply shortage and it is worried," Zanganeh said.
Before the committee meeting, Zanganeh was also scheduled to meet Russian
Energy Minister Alexander Novak for separate talks.
Iran's oil can not be replaced by Saudi Arabia nor
any other country", Zanganeh said, according to his ministry's website.
However, Saudi Energy Minister Khalid
al-Falih convinced his Iranian peer Bijan Zanganeh to support the increase just hours before Friday's OPEC meeting.
However, Saudi Energy Minister Khalid al
Falih convinced his Iranian peer Bijan Zanganeh to support the increase just hours before Friday's OPEC meeting.
Iranian Oil Minister Bijan Zanganeh has dismissed as“nonsense” claims by the Saudi
crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market.
Iran's Oil Minister Bijan Zanganeh has dismissed as"nonsense" claims by the Saudi
crown prince that Saudi Arabia can replace sanctions-hit Iranian oil in the market.
Zanganeh said foreign investment was needed
to develop Iran's its oil industry, but that it could survive even if foreigners decided to stay away for fear of U.S. penalties.
Zanganeh accused Tehran's regional rival Saudi
Arabia of bowing to USA pressure, saying such remarks had no"real impact on the market" but were part of a psychological war launched against Iran.
Zanganeh accused Tehran's regional rival Saudi
Arabia of bowing to U.S. pressure, saying such remarks had no“real impact on the market” but were part of a psychological war launched against Iran.
Zanganeh said foreign investment was needed
to develop Iran's its oil industry, but that it could survive even if foreigners made a decision to stay away for fear of USA penalties.