OPEC tries to depoliticize oil, secretary-general Barkindo says in Tehran
FILE PHOTO: OPEC Secretary General Mohammad Barkindo speaks during a session of the Russian Energy Week international forum in Moscow, Russia October 4, 2018. REUTERS/Sergei Karpukhin
The United States has demanded that buyers of Iranian oil stop purchases by the start of May or face sanctions, ending six months of waivers that had allowed OPEC member Iran’s eight top customers, most of them in Asia, to import limited volumes. “I have told my colleagues at OPEC that you must leave your passports home when coming to this organization,” Barkindo was quoted as saying.
Iran’s regional rival, Saudi Arabia has welcomed the U.S. move to end all sanction waivers, and has said it is ready to meet oil consumers’ demand by replacing supplies from Tehran.Iranian Oil Minister Bijan Zanganeh warned on Wednesday that nations that use oil as a weapon will bring about the collapse of the Organization of the Petroleum Exporting Countries.
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