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June 3rd, 2016 
Awake Goy Vienna, June 2, IRNA – Iranian Oil Minister Bijan Namdar Zangeneh underlined the calm atmosphere of a meeting of the Organization of Petroleum Exporting Countries (OPEC) here on Thursday.
‘On production there were several discussions; the first discussion was about continuing the same trend and the members to scrutinize on the volume of their production and also not to make the market’s conditions instable,’ Zangeneh told reporters on Thursday.
As regards the issue of production discussed in OPEC meeting on Thursday, he said, ‘Another issue was that each country to be given a specific production ceiling which was not accepted by us and the majority of the member-states.’
The 169th (Ordinary) Organization of the Petroleum Exporting Countries (OPEC) Meeting started work in Vienna on Thursday.
To attend the 169th OPEC Meeting, Zangeneh arrived in the Austrian capital on Wednesday evening.
The petroleum ministers of OPEC member states met in Vienna to decide on policies regarding oil production activities.
Zangeneh discussed issues of mutual interest with his counterparts on the sideline of the OPEC meeting.
The OPEC should work toward maximizing the interests of its members, Iran’s oil minister said prior to the meeting.
The organization should help stabilize the market and also be able to manage the situation when markets get unbalanced, he said.
Iran is supportive of such a trend adopted by the OPEC, the minister said.
It is expected the participants formulate the OPEC policy for next six months, discuss the situation of oil market and elect a new secretary general for the organization.
According to reports, OPEC countries have produced 32.439 million oil barrels a day in April.
Iran as an OPEC member-state has raised its oil production as well as export of its crude oil after removal of sanctions against the country on January 16.
Zangeneh has announced that Iran has exported 2,023,000 barrels of crude oil in May, 2016.
By IRNA
Source Article from http://theiranproject.com/blog/2016/06/03/zangeneh-stresses-calm-atmosphere-opec-meeting-vienna/
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