21.01.2014 - Iran expects OPEC members to cut oil output
Iran expects fellow Organisation of the Petroleum Exporting Countries (OPEC) members to cut back output and make room for rising oil supplies from Tehran when Western sanctions are lifted, Foreign Minister Mohammad Javad Zarif said. Sanctions have cut Iran’s oil exports over the past 18 months, but Iran will soon be able to release more supply into world markets once a dispute over its nuclear work is resolved. The rigorous measures have cost it market share in the OPEC - mostly to Saudi Arabia, and neighbour Iraq...............................................Full Article: Source
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