New Iranian President, Seyed Ebrahim Raisi, hosted a meeting with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo in Tehran.
The meeting took place a day after the inauguration ceremony of President Raisi.
President Raisi thanked the OPEC SG for attending the inauguration ceremony held on Friday.
He also reiterated Uran’s continuous support to OPEC and the decisions adopted by the DoC.
“We are an active member [of OPEC] and we will continue to contribute well to OPEC,” the president said.
Raisi also paid tribute to Bijan Zanganeh, IR Iran’s outgoing Minister of Petroleum and Head of its Delegation to OPEC.
He thanked Zanganeh for his long service as Minister.
The Secretary General informed the President that OPEC will celebrate its Diamond Anniversary in the Al Shaab Hall in Baghdad, Iraq, on September 30, 2021.
Barkindo congratulated Raisi on his success in the presidential election held on June 18.
“I wish you every success in your presidential leadership,” he said.
#HEBarkindo highlighted the instrumental role played by IR Iran in the affairs of the Organization since its founding in September 1960 in Baghdad, Iraq.
This is as the world’s leading oil producers agreed to continue to modestly boost output from August reaching a compromise after the United Arab Emirates blocked a deal earlier this month.
An OPEC+ meeting decided to raise output by 400,000 barrels per day (bpd) each month from August to help fuel a global economic recovery as the pandemic eases, the group’s Vienna-based secretariat said in a media statement.
The grouping will “assess market developments” in December, it said. The deal also extends a deadline on capping output from April next year to the end of 2022.
Earlier in July, negotiations of OPEC+ members on easing production cuts became deadlocked due to a row between the world’s largest oil exporter Saudi Arabia and neighbour the United Arab Emirates.
Since May, the 23-member grouping, which also includes Russia, had raised oil output bit by bit, after slashing it more than a year ago when the coronavirus pandemic crushed demand.
The aim is to return to pre-pandemic production levels, with the alliance still pumping 5.8 million bpd less than it was before the pandemic.
