OPEC is set to debate an extension of oil production cuts when it meets on Monday, before getting the deal endorsed by non-members.
Iran's oil minister said it would have no problem with an extension of OPEC-led production cuts but warned that members of the producer group had not gathered in the Austrian capital in order to "stamp" a decision that had already been agreed.
When asked why an agreement appeared to have been reached in Osaka, Japan at the G-20 summit last week rather than in Vienna, Zanganeh replied: "This is my question too."Iran wants to take OPEC decisions 'back to Vienna' Iran, which was OPEC's third-largest oil producer prior to the re-imposition of U.S. sanctions, said it would not support a long-term charter of cooperation between OPEC and outsiders that was supposed to be agreed this week.
"The Iranians want higher oil revenue, they need higher prices so they are not going to oppose an agreement. They would support it going deeper in terms of a cut but they did declare that they are opposed to this charter arrangement which would formalize the non-OPEC and OPEC agreement,"
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