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Iran adamant over top Opec post

Posted on 05 September 2013

Iran will not back down in its quest for an Iranian head of Opec, the country’s new oil minister, Bijan Zanganeh, was quoted by Mehr news agency as saying on Tuesday. The long deadlock over who should be the next secretary general of the Organisation of the Petroleum Exporting Countries has highlighted political tensions within the 12-country group that have increased due to Western sanctions on Iran.
Saudi willingness to raise exports to make up for a reduction in supplies from Iran and rising competition from Iraq has intensified the rivalries between the Gulf neighbours, with each having put forward a candidate for the job and none willing to back down………………………………………..Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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