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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Reasons "OPEC" meeting may fail from the viewpoint of Iran

    Rocky
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    • Post n°1

    Reasons "OPEC" meeting may fail from the viewpoint of Iran Empty Reasons "OPEC" meeting may fail from the viewpoint of Iran

    Post by Rocky Wed 30 Nov 2016, 3:45 am

    [size=36][size=33]Reasons "OPEC" meeting may fail from the viewpoint of Iran[/size][/size]
    Ali Abdul Salman 42[ltr]  30/11/2016[/ltr]

    Reasons "OPEC" meeting may fail from the viewpoint of Iran 583e5c60ae176






    He sees Iran's oil minister, Bijan Zanganeh, that "OPEC" meeting in Vienna will not be effective and would not produce the signing of an agreement on reducing oil production, in the case of politics clouded the atmosphere of the meeting.
    The agency quoted Tasnim reported on Tuesday November 29 Iranian minister as saying that Tehran hopes that the meeting prevailing atmosphere of solidarity and coordination among members of the organization.
    Zanganeh said ahead of the meeting scheduled for Wednesday between "OPEC" The Islamic Republic has always sought in the policies that are in line with the "OPEC" policies, although Iran is the least dependent on oil from these countries. Members
    In response to a question about his vision for this meeting, Zanganeh said: "If the economic climate prevailed at the meeting and the visions were going according to what was agreed upon in Algeria last meeting, we will get results very quickly." 
    Zanganeh believes that members of the Organization "OPEC" can come to an agreement to cut oil production to between 32.5 and 33 million barrels a day, but "if the political will is dominating the climate of the meeting things will be complicated and difficult to make decisions."
    The Iranian minister added that some countries in the "OPEC" raised the level of oil production in the past years, at a time when Iran is unable to do so because of the international sanctions imposed on it, so that these countries should bear a heavier burden and greater responsibilities.
    And conducting weeks of negotiations between the countries since the 14th in the "OPEC" for the agreement to determine production quotas for each country, but the deal hit the strong competition between Iran and Saudi Arabia, and because of the difficult situation for some producers, who are in a state of war, such as Iraq and Libya.
    The ministers agreed "OPEC" in Algeria two months ago during an informal meeting on the re-production to between 32.5 and 33 million barrels a day, and to reach agreement with the other big producers such as Russia, which has announced its support for any initiative sends stability in the oil market.
    In the case of members of the "OPEC" countries reached an agreement at its meeting in the Austrian capital would be the first time the organization reach 8 years ago to action to reduce production in order to improve the deteriorating prices due to supply glut since the summer of 2014.


    http://burathanews.com/arabic/economic/306409
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