Speaking to Shana he was upbeat over the nuclear deal and removal of sanctions against Iran but said falling oil prices was an unpleasant phenomenon which cut Iran’s revenues.
“The market is aware that depleted oil prices are not helpful for the global economy in the short and long terms,” he said adding that while 70 dollar barrel of oil is reasonable, Iran can be satisfied with a price below it.
He did not think highly of the idea of an upcoming meeting between OPEC and non-OPEC producers saying that without a principle agreement, it will not be helpful.
To a question on the visit by a General Electric executive to Iran, Zangeneh said, “They had a very positive view which we reciprocated.”
“I have always said that there is no limitation for the presence of US firm in Iran and that it is the US government which has barred them.”
On cooperation with France and China in Azadegan oil fields, the minister said Total is doing its field study in South Azadegan while Chinese are invited to the Phase-2 of North Azadegan field.
To a question on the visit by Russian energy minister to Tehran on Monday, he said Alexander Novak’s schedule also includes a meeting with the petroleum minister as he is to take part in the Joint Economic Commission.
“As long as Iran’s oil production does not reach 4 million barrels a day, it is better that we are not disturbed. We will accompany them afterwards,” he said on whether Russia is trying to persuade Iran to accept the output freeze in order to stabilize the international crude market.
“We exported 1.75 million barrels of crude oil and gas condensates last month which is to rise to 2 million barrels in the current month,” Zangeneh said.
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