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Oil Minister: Iran has 14% share of OPEC output

Damascus, June 5, IRNA-- Iran's share in OPEC total production was decided to be 14 percent in the recent meet of oil exporting countries in Beirut, said Iranian Oil Minister Bijan Namdar-Zanganeh here Friday before he left Syria for Iran.

Zanganeh who arrived in the Syrian capital on a one-day visit from Beirut where he attended the 131th meeting of Organization of Petroleum Exporting Countries (OPEC) on Thursday, left Damascus on Friday night.

Speaking to IRNA before his departure, the minister said that "rational" decisions were made during the "successful" meeting.

Zanganeh noted that Iran would follow the quota that was determined for the country during the recent OPEC meeting.

In the Thursday Meeting, OPEC decided to raise its formal output ceiling by two million barrels per day (bpd) from July 1 and another 500,000 bpd from August if necessary.

Answering a question on the possible membership of Syria in OPEC, Zanganeh said that such request has not been made by the Syrian officials. He said, however, if Damascus makes any request for membership in the future, Iran will definitely support the idea and there will be no objection within OPEC due to the positive feeling which exists among member countries towards Syria.

Syrian Oil Minister Ibrahim Haddad has reportedly expressed hope recently that the country would join OPEC as Damascus oil output has reached some 900,000 barrels per day.

Zanganeh emphasized Tehran's readiness to help Damascus in its efforts to counter the US-imposed economic sanctions, particularly in the fields of oil and gas.

"As Iran is an experienced country in foiling US sanctions policy," noted Zanganeh, " it is ready to transfer its experience to Syria especially in oil and gas fields and also to meet their other needs."

Referring to the fact that Syria has already asked for Iran's help in these fields, the Iranian minister said some bilateral negotiations have already been made and there are now efforts underway to materialize the decisions made in these talks.

Zanganeh also made it clear that no demand has been made for purchasing Iran's crude oil by two American companies of Coastal and Chevron. Head of international affairs with National Iranian Oil Company's (NIOC) Hojatollah Qanimi-Fard had earlier dismissed certain reports in this regard and said these reports referred to an article published in the web site of the US Virginia University.

... Payvand News - 6/5/04 ... --

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