The Iranian official, following the 174th
ordinary meeting of the Organization of the Petroleum Exporting Countries (OPEC) said:
As I said on the minute of my arrival in Vienna, we needed to fully comply with
the output reduction agreement of the organization and nothing more.”
“We agreed on this issue and nothing more. I think that the
OPEC decision is acceptable and reasonable. It is also legal. Because we have a
valid resolution by the end of September,” the official told reporters on Friday.
He refused to give any number for the amount of increased
production, because “I think only a few OPEC members are able to enhance their output.
Some countries may be unable to fully deliver the agreed levels but we have
agreed on full compliance of the pact. As I had predicted, some member countries
did not want to say anything against US interests or discuss de-politicization
of the market. I already knew this. But told them that this could one day be
the case for them. I knew that not all of them would support that but I just
wanted this to be registered.”
The decision will come into effect from July, he said.