LONDON (Reuters) - Iran's oil minister wrote to OPEC's secretary general calling for two committees tasked with monitoring a deal between OPEC and other countries led by Russia to be scrapped, Iran's Shana news agency said on Tuesday.
"Some OPEC members of these two committees have clearly taken sides with the (United States) in imposing its unilateral and unlawful sanctions against... Iran," Shana quoted Bijan Zanganeh as saying.
"They (the committees) should immediately stop their work."
The Joint Ministerial Monitoring Committee (JMMC) and Joint Technical Committee (JTC) were set up as part of a deal between OPEC and other producers led by Russia in late 2016 to curb oil supplies by some 1.8 million barrels per day.
The JTC prepares regular reports on the oil market which inform the group's decisions.
At their meeting in June, OPEC and non-OPEC agreed to boost output by returning to 100 percent compliance with supply cuts that took effect in January 2017, after months of underproduction by some member countries including Venezuela and Angola.
Saudi Arabia said the move would translate into an output rise of around 1 million bpd.
The JMMC will meet in Abu Dhabi on Nov. 11.
(Reporting by Shadia Nasralla, Ahmad Ghaddar; editing by Louise Heavens)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
