OPEC head to meet Iran oil minister: SHANA

November 19, 2016 1:48 AM EST

Mohammed Sanusi Barkindo, Secretary General of Opec speaks during a meeting at the Eni Congress Center in Rome, Italy, September 20, 2016. REUTERS/Remo Casilli


Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

DUBAI (Reuters) - OPEC Secretary-General Mohammed Barkindo and Iran's Oil Minister Bijan Zanganeh will meet in Tehran on Saturday to discuss issues linked to an upcoming OPEC meeting, the ministry's official website reported.

"Consultation about the topics of the OPEC ministers meeting in Vienna on November 30 ... as well as reviewing recent developments of the oil market will be the main topics of the discussions between Zanganeh and Barkindo in Tehran," SHANA said.

OPEC is moving closer toward finalizing this month its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said on Friday.

Iran has been the main stumbling block for such a deal because Tehran wants exemptions as it tries to regain oil market share after the easing of Western sanctions in January.

(Reporting by Dubai newsroom; Editing by Kim Coghill)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Related Entities

OPEC

Add Your Comment