4 November 2021 - 19:50
  • News Code: 369179
Iran’s Ministry of Petroleum Won’t Wait for Negotiations: Owji

TEHRAN (SHANA) – Iran’s Ministry of Petroleum will not wait for the decisions and negotiations, Minister of Petroleum said on Thursday after 22nd OPEC and non-OPEC Ministerial Meeting.

Javad Owji made the remark after 22nd OPEC and non-OPEC Ministerial Meeting held via video conference on Thursday, adding we are trying and have made some achievements in this regard by utilizing all capacities and applying different sales methods which help with the country’s revenues.

There have been improvements in crude oil and gas condensates exports in the 13th administration through using capacities and potentials as well as national and international organizations, he added.

The U.S. recent attempt in Sea of Oman and Persian Gulf was due to the increase in crude oil and gas condensates output and exports, Owji said.

On OPEC+ meeting, he said the 22nd OPEC+ Ministerial Meeting was held today and the group agreed to continue with raising 400,000 bpd in crude oil output for December, he stated.

The 23 members of OPEC and non-OPEC coalition, known as OPEC+, made an agreement to add further 400,000 bpd to their crude oil output despite pressures by the U.S. President, Joe Biden.

News Code 369179

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