Iran to veto Saudi-proposed supply boost along with Venezuela, Iraq
Iran’s representative to OPEC, Hossein Kazempour Ardebili, said Iran along with Venezuela and Iraq is going to veto Saudi Arabia’s proposal to increase oil production in cartel’s June 22 meeting in Vienna. Speaking to Bloomberg on Sunday, Kazempour said “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity. If the two want to act alone, that’s a breach of the cooperation agreement.” “Three OPEC founders are going to stop it,” he added. OPEC members are set to meet later this week in Vienna to ...
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