Opec tries to depoliticise oil, sec-gen Barkindo says in Tehran


Saudi Energy Minister Khalid al-Falih said the deal would most likely be extended by nine months and no deeper reductions were needed.

GENEVA: Opec tries to depoliticise oil, the producer group’s secretary-general was quoted by the Iranian oil ministry as saying on Thursday, following accusations by Iran that the United States is using oil as a weapon against Tehran.

The United States has demanded that buyers of Iranian oil stop purchases by the start of May or face sanctions, ending six months of waivers that had allowed Opec member Iran'??s eight top customers, most of them in Asia, to import limited volumes.

Iranian Oil Minister Bijan Zanganeh warned on Wednesday that nations that use oil as a weapon will bring about the collapse of the Organization of the Petroleum Exporting Countries.

Opec Secretary-General Mohammad Barkindo said at an oil and gas exhibition in the Iranian capital that ”OPEC tries to depoliticise oil”, Iran’s oil ministry reported on Twitter.

“I have told my colleagues at Opec that you must leave your passports home when coming to this organisation,” Barkindo was quoted as saying. - Reuters

 

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

MUFG sees ringgit strengthening to 3.70 by end-2026
BMS Holdings stays cautiously optimistic for FY26
PUC receives conditional LFSA approval for Labuan banking licence
P.A. Resources records higher 2Q revenue
Johor Plantations' net profit rises 34%to RM345mil in FY25
DayOne opens Johor training centre, expands KL shared services hub
Betamek’s 3Q profit jumps 90%, declares 1.25 sen dividend
Hextar Industries buys 51% stake in llaollao operator for RM177.5mil
Ringgit hits near eight-year high of 3.89 vs US dollar
Oriental Kopi acquires land in Selangor for RM23mil

Others Also Read