Dec 20, 2020, 10:19 AM

Iran’s Zanganeh departs for Moscow to hold energy talks

Iran’s Zanganeh departs for Moscow to hold energy talks

TEHRAN, Dec. 20 (MNA) – Iranian Oil Minister Bijan Namdar Zanganeh left Tehran for Moscow Sunday morning to hold talks with Russia’s senior officials.

The Iranian minister is scheduled to meet with Deputy Prime Minister of Russia, Alexander Novak, and Energy Minister Nikolai Shulginov.

Earlier in December, the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries decided to increase oil production by 500,000 barrels per day (bpd) in January 2021.

It means the group would move to output curbs by 7.2 million bpd early next year, compared with current cuts of 7.7 million bpd.

Iran, Venezuela, and Libya are exempt from any production cuts.

MR/5099957

News ID 167382

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