US Fueling Oil Price Tensions Seeking New Energy Strategy: Expert

TEHRAN (Shana) -- Explaining the latest developments in the oil market, the Director General of OPEC and Relations with Energy Communities Department of the Ministry of Petroleum said: "The United States is trying to change the strategy of new energies and save the use of these energies by fueling oil price tensions."

Addressing the opening ceremony of the Oil and Energy Institute of Imam Sadegh (AS) University, Afshin Javan said on Wednesday: “The global market shows that in the 1980s, OPEC's share of world oil production was about 52%, which gradually decreased to 37 to 38% with the encouragement of the International Energy Agency and the entry of other companies into the energy market.”

He said that this trend is expected to change, adding: "According to the conditions and forecasts, this change is expected from 2025 and OPEC will play a prominent role again and this superiority will continue until 2045."

The Director General of OPEC and Relations with Energy Communities Department of the Ministry of Petroleum also explained the position of the Gas Exporting Countries Forum (GECF), and added: "This forum has 11 main members, including Iran, and its last meeting was held last month."

Referring to the statement of the recent meeting of the leaders of the forum, Javan said: "The statement of this meeting had an important paragraph that was raised by Iran, which was approved by all members and approved which concerned imposition of sanctions on member countries could not affect the flow of energy and energy security of countries.”

He said that the share of member countries of GECF in world gas production is 45% and this trend is expected to be maintained until 2050.

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