Sep 24, 2018, 10:14 AM
News Code: 83042105
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US administration after politicizing OPEC

Tehran, Sept 24, IRNA – US administration is seeking to politicize the Organization of the Petroleum Exporting Countries (OPEC), Iran's representative to OPEC said.

'The Trump administration is pushing politics into the OPEC (Organization of Petroleum Exporting Countries), and is aiming at spreading the members and securing their own interests by getting lower prices and so forth,' US media CNBC quoted Hossein Kazempour Ardabili as saying .

Trump said that the oil price is high and OPEC should decrease it, he noted.

US president has also called for increasing oil production to compensate the possible reduction in production of Iran, Libya and Venezuela in international markets, Ardabili said.

'I think what they are doing actually is (leading to) higher prices because the fundamentals even do not warrant this level of prices,' Kazempour added.

'If they kept quiet, the prices would be cheaper, I am confident about that,' he noted.

'I am telling him (Trump), keep quiet, do not do any tweets, and then you will be better off in the prices,' Kazempour was quoted as saying.

'I think first of all they are not attempting to break Iran; they are trying to change Iranian behavior on issues which are not related to oil,' Kazempour said.

'Leveraging oil against the political will of the OPEC members here, as well as individuals, is something which cannot be accepted. Not by Iran only, but also by others.'
Ardabili is in Algeria to participate in the 10th meeting of Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC).

Representatives from some 24 countries, including Iran, are present in the Committee session which is chaired by Saudi Arabia.

Kazempour Ardebili leads the Iranian delegation to the Committee.


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