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August 25, 2018 10:00 am

Iran Says Some OPEC Members Act in Accordance With US Policy

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A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf, July 25, 2005. Photo: Reuters / Raheb Homavandi / File.

Iranian Oil Minister Bijan Zanganeh said some members of oil producer group OPEC were acting in accordance with US policies, Iran‘s Khaneye Mellat news agency reported on Friday.

“Some members are interpreting the latest OPEC decision on oil output differently … and are acting in accordance with the policies of the US,” the agency quoted Zanganeh as saying.

The Organization of the Petroleum Exporting Countries agreed with Russia and other oil-producing allies in June to raise output from July, with Iran‘s arch-rival Saudi Arabia pledging a “measurable” supply boost but giving no specific numbers.

Iran told OPEC this month that no member country should be allowed to take over another member’s share of oil exports, expressing concern about a Saudi offer to pump more crude amid US sanctions on Iranian oil sales starting in November.

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