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Iran has no plans to leave OPEC, says oil minister

ANI  |  Middle East 

"has no plans" of leaving the Organisation of the Exporting Countries (OPEC), according to its Oil Bijan

"has no plans to leave ..and regrets that some members of have turned this organisation into a political forum for confronting two founding members of OPEC, meaning and Venezuela," told Iranian state news agency ICANA, according to Sputnik.

This comes after the threatened to take retaliatory measures if its interests in the organisation were harmed. Iran's officials further alleged that the grouping was flawed due to "the unilateralism of some of its members and that it's possible that the organisation may collapse."

The Iranian has previously accused a few members of "exaggerating their capacities" to fill in for any shortfall in globally due to US sanctions on Iran.

In fact, the refused to provide any waiver extensions to countries like for them to continue their from Iran.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, June 08 2019. 17:52 IST