The Fuse

Iranian Oil Minister Bijan Zangeneh Reiterates Support for Individual Country Quotas

by Leslie Hayward | June 01, 2016

Upon his arrival in Vienna for the June 2016 OPEC meeting, Iranian Oil Minister Bijan Zangeneh said that the main purpose of this meeting is to appoint a new Secretary General, said that $70 per barrel is his preferred price for oil, said that a combined output cap would not benefit Iran, and said that OPEC had played no role in rebalancing the oil market.

topics: Bijan Zangeneh, Iran, OPEC, Video, Vienna