“We have to pray. Most OPEC members do not approve of the persistence of the current trend,” Bijan Zangeneh said.
“None of this organization’s members are satisfied with the prices due to the fluctuations we are currently witnessing and our view is clear to everyone. Crude oil supply is currently above demand, and if political factors are eliminated, the prices would be driven up,” he said.
Zangeneh also welcomed Russia’s adhesion to OPEC, saying: “There is no obstacle. When OPEC agrees to let Angola in there would be no reason to block the presence of Russia with more than 10 mb/d of oil production.”
He also reaffirmed Iran’s perseverance in regaining its oil market share. “Under no circumstances, we will back down from taking back Iran’s lost production share.”
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