OPEC Secretary General Visits Iran

| November 21, 2016

Baghdad / OPEC Secretary General, HE Mohammad Sanusi Barkindo, met with IR Iran's Minister of Petroleum, HE Bijan Namdar Zanganeh, during a closed-door session on November 19 in the capital city of Tehran.

According to sources in the Ministry, the two oil chiefs discussed recent oil market developments, and economic and geopolitical uncertainties facing the market. They also considered the future of climate change negotiations and the UN's Paris Agreement, following the recently concluded COP22 in Marrakesh.

HE Zanganeh pledged continued support for the implementation of the Algiers Accord and stated that he remains confident that an all-inclusive agreement can be reached during the upcoming OPEC Ministerial Meeting to be held in Vienna on 30 November 2016.

In his remarks, the Secretary General acknowledged the flexibility and accommodation already shown by IR Iran in reaching the Ministerial decision of 28 September. He also added that he looked forward to Minister Zanganeh's continuing leadership � not only by contributing to the consensus needed for implementation of the Algiers Accord but also by actively working with his counterparts from other OPEC Member Countries in that regard.

The participation of Iran in the implementation of the Accord is crucial and I remain optimistic, said the Secretary General.

The Secretary General further acknowledged the rapidly changing dynamics in the political economy of the world with the attendant impacts on the oil market. He also stressed the need for cohesive action by OPEC in collaboration with non-OPEC producers in the spirit of equity, fairness and transparency.

The meeting in Tehran is the latest of a series of consultations that HE Mohammad Barkindo has been having with officials from OPEC Member Countries in his bid to ensure that OPEC-14 will be able to execute the Algiers agreement as mandated by the Conference.

Source: National Iraqi News Agency

Category: General

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