08:19 GMT21 June 2021
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    Oil in Turmoil (134)
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    The Iranian oil and gas minister will participate in the OPEC meeting, a diplomatic source told Sputnik.

    VIENNA (Sputnik) — Iranian delegation, led by Petroleum Minister Bijan Zangeneh, will take part in the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, a source in the permanent mission of Iran in Vienna told Sputnik Monday.

    "The delegation led by Bijan Zangeneh, the Iranian Oil and Gas Minister, is arriving to Vienna on Wednesday for OPEC meeting. OPEC Governor Hossein Kazempour Ardebilli and high ranking officials from National Iranian Oil Company will participate at the meeting," the source said.

    On June 2, OPEC members are expected to discuss freezing oil output following the Doha meeting in April, when OPEC and major non-OPEC oil producers failed to agree on freezing oil output at January levels to shore up prices. Saudi Arabia backed out of a deal, insisting that Iran, which has been boosting oil production after years of international sanctions, should be part of any production cuts.

    Oil in Turmoil (134)


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