OPEC unlikely to change output deal in 2018: Zanganeh
Iran’s Oil Minister Bijan Namdar Zanganeh said OPEC is unlikely to change its decision on production cut in this year, Shana news agency reported. The minister made the remarks on Wednesday on the sidelines of signing a deal between National Iranian Oil Company (NIOC) and a consortium comprising Russia’s Zarubezhneft Company and Iran’s Dana Energy Company for development of two oilfields in Iran. “Russians can pull out of the deal as they have made no commitment to OPEC to remain in the agreement until the end of 2018. OPEC also can change ...
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