07.06.2016 - Iran's Zanganeh says OPEC 'friends' dumping crude oil
Iranian oil minister Bijan Zanganeh accused its regional neighbors of trying to take away its customers by offering cheaper oil, but said despite not offering much of a price discount itself, Iran had managed to retake 1 million b/d. Iran's crude is similar to Iraq and Saudi Arabia's and these producers fight for a share of the same market -- being competitive has proved a huge marketing challenge. Zanganeh's remarks come in an interview with S&P Global Platts in Vienna Friday, the day after OPEC's meeting in the Austrian capital...............................................Full Article: Source
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