Iran receives positive signals from OPEC, NON-OPEC countries for output

 29 Apr 2017 - 18:20

Iran receives positive signals from OPEC, NON-OPEC countries for output

Reuters

TEHRAN: Iran’s Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back.

“During these last days we received a positive signal from OPEC members and non-OPEC contributors in this agreement for cutting the production for extending this agreement for the second half of 2017,” Bijan Zanganeh told reporters.

Zanganeh blamed the United States for lack of foreign investment in Iran’s energy sector, citing political pressure on international oil companies.

(Writing by Parisa Hafezi; editing by John Stonestreet)