Zangeneh: OPEC unlikely to revive quotas
Minister of Petroleum Bijan Zangeneh addresses a conference on Iran's new oil and gas projects in Tehran, Nov. 28, 2015. ©Shana/ Iran’s Minister of Petroleum Bijan Zangeneh says OPEC members are unlikely to agree on reinstating the organization’s individual production quotas in their next meeting on Dec. 4. “Certain countries are opposed to reviving quotas in OPEC. Hence, it is unlikely to reach a conclusion in the next meeting,” he said on the sidelines of a two-day oil and gas conference which opened in Tehran Saturday. OPEC approved a ...
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