Oil dilemma: Export oil pipelines seen at an oil facility in Khark Island on the shore of the Gulf. Zanganeh (inset) blamed the US for the lack of foreign investment in Iran’s energy sector. – Agencies
TEHRAN: Iran’s Oil Minister said Opec and non-Opec countries had given positive signals for an extension of output cuts, which Tehran would also back.
The Organisation of the Petroleum Exporting Countries (Opec) meets in May to discuss oil supply policy. Oil prices fell last week though they closed higher on Friday on growing hope that Opec might agree to extend production cuts long enough to reduce a global crude glut.
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