News ID: 235573
Published: 0401 GMT December 10, 2018

MP: OPEC meeting outcome, victory of Iran

MP: OPEC meeting outcome, victory of Iran

An Iranian lawmaker said the outcome of the 175th meeting of members of the Organization of the Petroleum Exporting Countries (OPEC) was a victory for Iran's petroleum diplomacy.

Salam Amini, a member of the Parliament's Energy Committee, told Shana that the outcome of the Fifth Joint OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) and Iran's exemption from production cut programs by OPEC and non-OPEC producers were a victory of Iran.

"I was present in the meeting and witnessed how the Iran's Oil Minister and his delegation defended the rights of the Iranian nation," the MP said.

He added, "I regard the outcome of this meeting as Iran's strength in diplomacy which was made possible by the oil minister's tact."

After the meeting of OPEC members and non-OPEC producers, it was decided that 14 OPEC members and 10 non-OPEC producers including Russia, reduce their daily production by 1.2 mbd to help improve the prices.

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