Bijan Namdar Zanganeh

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Last quote by Bijan Namdar Zanganeh

OPEC and non-OPEC countries have concluded that in order to keep the market in good health and restore balance between supply and demand, they have to play an active role. The market has felt this, and there is a real demand and will for that to happen.
Dec 13 2016
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Bijan Namdar Zanganeh is associated, including OPEC and Russia. Most recently, Bijan Namdar Zanganeh has been quoted saying: “The talks between the two countries' leaders were essential and very significant in this matter.” in the article Russia's Gazprom Neft, Iran's NIOC agree Iranian oil field studies. An other article where Bijan Namdar Zanganeh has been quoted is How Putin, Khamenei and Saudi prince got OPEC deal done.
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Bijan Namdar Zanganeh quotes

OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market.

We have decided to decrease the production around 700,000 bpd.

Iran wants a stable market and therefore any measure that helps the stabilization of the oil market is supported by Iran.

This is the first step and other steps should also be taken. This cooperation between OPEC and non-OPEC members to stabilise the market is good news. We support any effort to stabilise the market and prices.

(In) less than 10 days we're going to start to increase our production and during a maximum of six months, we will reach close to 3.8 [million barrels], and at the end of this year, the Iranian year, we will reach four million barrels per day crude oil output.

I'm sure that all OPEC members show wisdom and when member countries, after limitation, return to the market they understand (that) they should open the doors for him and not fight with him.

We should be very concerned about it, action is needed.

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