Iran, Russia talks end without deal on OPEC+ meeting date

Posted In: News Date:Jun 17th, 2019

LONDON - Iran’s oil minister met his Russian counterpart in Iran on Monday, industry sources said, raising hopes of progress in resolving an impasse over when OPEC and its allies will hold their next policy gathering.

The Organization of the Petroleum Exporting Countries and partners including Russia, an alliance known as OPEC+, have been considering since last month moving the date of their policy meeting in Vienna to July 3-4 from June 25-26.

Russia’s Alexander Novak favors postponing the meeting to early July to avoid clashing with G20 discussions in Japan in late June, while the Iranian minister, Bijan Zanganeh, wants to keep the original schedule, sources have said.

After the meeting, Zanganeh said he told Novak he still disagreed with the early July dates but could attend if the dates were shifted to July 10-12, the Iranian oil ministry’s news agency SHANA reported.


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