Zanganeh: OPEC doomed to dissolution

Zanganeh: OPEC doomed to dissolution

Iran backed cooperation with non-OPEC oil exporter states, but believes that an organisation, where Russia and Saudi Arabai strive to challenge the interests of other members, is doomed to dissolution, Iran’s Oil Minister Bijan Zanganeh said.

"While we have not been hostile to any country, some members of the OPEC have taken the path of hostility with our nation," the minister said before leaving Tehran to attend an OPEC meeting in Vienna.

“Iran supports cooperation with non-OPEC states, but as long as some members of OPEC are hostile against other members, like Iran, OPEC’s understandings with non-OPEC states are meaningless and there is no room for cooperation,” Zanganeh said, adding that an organisation, where two members strive to challenge the interests of other members, is doomed to dissolution and talks of OPEC-non-OPEC agreements would be meaningless.

"Without unity among members of OPEC, it is meaningless to plan cooperation between OPEC and non-OPEC countries," the Oil Ministry’s website SHANA cited Zanganeh as saying.  

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