Zanganeh's goal in attending the meeting is to maintain Iran's
oil market share, ISNA reported.
The meeting is scheduled to take place six weeks before U.S.
sanctions on Iran's oil industry are due to take effect.
After months of underproduction, the Organization of the
Petroleum Exporting Countries agreed with Russia and other
oil-producing allies to raise output from July by returning to
100 percent compliance with previously decided cuts. That would
mean an output increase of roughly 1 million barrels per day.
Last week, Zanganeh sent a "letter of complaint" to his United
Arab Emirates counterpart after noticing that some OPEC members
were trying to adjust output, according to SHANA, the news site
of the Iranian oil ministry.
Zanganeh told UAE Energy Minister Suhail al-Mazrouei, who holds
the OPEC presidency in 2018, that the JMMC should not distribute
output increases among other producers.
Zanganeh's comments underline the still-simmering tensions after
OPEC's June meeting.
Saudi Arabia said the deal allowed countries able to produce
more to meet the group's overall conformity level, meaning some
members, such as itself, could make up for shortfalls elsewhere.
Iran, which faces U.S. sanctions, disagreed and criticized Saudi
plans to boost output above targeted levels.
The JMMC is chaired by Saudi Arabia and is due to meet next on
Sept. 23 in Algeria. Iran is not on the committee, which also
includes Russia, the UAE, Oman, Kuwait, Algeria and Venezuela.
(Reporting By Babak Dehghanpisheh; Editing by Matthew Mpoke Bigg
and David Evans)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|