OPEC stresses Iran’s significant role in Algiers' meeting

EghtesadOnline: Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Barkindo admired Iran's significant role in reaching consensus in the Algiers' meeting held on September 26-28.

News ID: ۷۷۱۴۸۲

20 November 2016

Barkindo expressed his optimism towards the meeting due to be held November 30 in Vienna and said "I remain cautiously optimistic for having a successful meeting in Vienna."

According to Iran’s Petro and Energy Information Network, he referred to his consultations with Iranian petroleum minister before the Algiers meeting and added that "I came here primarily to brief the Iranian petroleum minister about the latest developments in the oil market personally."

According to ISNA, he noted that "Therefore I remain personally grateful to him for the flexibility he showed in Algiers and the accommodation and the leadership role he played to ensure we come out of Algiers with an agreement."

"It is not a coincidence that I came back to Iran before the Vienna meeting, I came to exchange views with Mr. Zangeneh and also to brief him with the latest developments; to even respectfully ask him to show more flexibility in Vienna in November so that, we can implement the Algiers accord," Barkindo said.

Members of the Organization of the Petroleum Exporting Countries will meet on November 30 to discuss a proposed production freeze plan in Vienna. OPEC members agreed on the outline of a freeze plan on the sidelines of the International Energy Forum (IEF), which grouped producers and consumers, in Algeria on Sept. 26-28.