Iran says oil export rise had no negative effect on market: Shana

 01 Jun 2016 - 8:52

Iran says oil export rise had no negative effect on market: Shana
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, in this July 25, 2005 file photo. Reuters 

 

DUBAI: Iran's doubling of oil exports has had no negative effect on the market, the country's oil minister said on Wednesday before flying to Vienna to attend an OPEC meeting, the ministry's news agency SHANA reported.

"Iran's oil exports have been doubled, in between OPEC's 168th and 169th meetings. This increase has had no negative effect on the market and has been absorbed in the market," Bijan Zanganeh was quoted as saying.

Reuters