Iran’s OilMin: Will reject the charter of cooperation with non-OPEC states

Adding to his previous comments ahead of the OPEC+ meeting, Iranian Oil Minister Bijan Zanganeh further said that the problem is not concerning the 6 or 9 month of global production cut extension, it’s about OPEC’s authority. Key quotes from the Organization of the Petroleum Exporting Countries (OPEC) member are as follows.

Key Quotes

• 6 Months or 9 months is not important.
• Problem is OPEC authority is under threat.
• Will reject the charter of cooperation with non-OPEC.
• Think it will be an easy session because stance is clear.
• Believe OPEC will die with such current processes.