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OPEC likely to reject Iran request for discussion of U.S. sanctions

Reuters  |  DUBAI 

By El Gamal

DUBAI (Reuters) - is likely to reject a request by to discuss U.S. sanctions against at this month's meeting of the group, a source familiar with the matter told

Iran's Ardebili asked the of the board to include a sanctions debate in the agenda for the June 22 talks, according to a copy of Kazempour's letter dated June 2 and seen by

Last month, Iranian minister asked OPEC to support it against new U.S. sanctions and signalled disagreed with Saudi Arabia's views on the possible need to increase global supplies.

"I would like to ... seek OPEC's support in accordance with Article 2 of the OPEC Statute, which emphasises safeguarding the interests of member countries individually and collectively," Zanganeh wrote last month in a letter to his counterpart, who holds the OPEC presidency in 2018.

U.S. last month pulled out of an international nuclear deal with Iran, announcing the "highest level" of sanctions against the OPEC member. is the third-largest in the Organization of the Exporting Countries after and

from OPEC will be meeting at the group's to discuss output policy.

Kazempour, citing Zanganeh's letter, asked the board to include in the June talks an agenda item titled "OPEC Ministerial Conference support to the Member Countries that are under illegal, unilateral and extraterritorial sanctions".

The source said that after receiving Kazempour's request, the UAE's OPEC sought the advice of legal

The responded negatively to Iran's plea, the source said, on the grounds that the ministerial agenda could not be amended because it had been finalised.

Earlier on Friday, Kazempour said a U.S. request for to pump more oil so that it could cover a drop in Iranian exports and ease a was "crazy and astonishing" and said OPEC would not heed the appeal.

"Consumers are now acting to use oil as a political weapon, and yet blaming us (of) fixing) (oil) prices? Such an upside down world," Kazempour told

(Reporting by El Gamal; Editing by Dale Hudson)

(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.)

First Published: Sat, June 09 2018. 02:34 IST
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