30 November 2020 - 22:05
  • News Code: 310245
Reaching Consensus Requires Patience, Negotiation: Zangeneh

TEHRAN (Shana) – OPEC members’ decision on how to extend oil output cut deal would depend upon tomorrow’s meeting with non-OPEC members; tomorrow is an important day and achieving consensus needs patience and negotiation, Iran’s Minister of Petroleum, Bijan Zangeneh, said on Monday.

In today’s meeting, extending the oil output cut of 7.7 million barrels per day was discussed. Although some OPEC members complained that some members had not complied with the previous decisions, there was a consensus in OPEC and their complaint was not in a way that could prevent decision-making on extending the existing deal.

OPEC members’ main concern is about how non-OPEC members would cooperate, he said in a press conference following the 180th Meeting of OPEC Conference.

News Code 310245

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