Iran Can Block OPEC Agreement, Yet Saudi Arabia Can Bypass Veto
Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output, a position taken by both Saudi Arabia and Russia. “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity,” Hossein Kazempour Ardebili, Iran’s OPEC representative, on Sunday, before the group meets in Vienna on Friday./ of the Organization of Petroleum Exporting Countries does indeed give any member the right to block any deal, under Article 11 C:/ “Each Full Member Country shall have one vote. All decisions of the ...
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