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Commodities Briefing - Categorized | Market Moves, Oil more

Iran seeks higher oil output capacity for more influence in OPEC: Minister

Posted on 20 August 2013

Oil Minister Bijan Zanganeh has said his ministry aims to raise Iranian oil production capacity as quickly as possible to 4.2 million b/d to give Iran more leverage within producer organization OPEC, local media reported Monday.
The newly appointed minister also stressed that capacity was a greater priority for him than actual production. “The enhancement of Iran’s oil production capacity will result in increasing Iran’s negotiating power in the international community and OPEC,’ Zanganeh was quoted as saying by oil ministry news service Shana………………………………………..Full Article: Source


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