Iran oil minister leaves for Vienna to attend 164th OPEC meeting
Baku, Azerbaijan, Dec. 3
By Rahim Zamanov - Trend:
Iranian Oil Minister Bijan Namdar Zanganeh left Tehran for Austria's capital, Vienna to participate in the 164th Ordinary ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) on December 4, the IRNA News Agency reported on December 3.
During Wednesday's session, the ministers responsible for oil from the 12 OPEC member countries will review the situation of the international oil market, in the light of the current crude prices, All Arica News Agency reported.
In view of the current prices, the meeting is expected to go smoothly, with no relevant changes in the organization's daily production of 30 million barrels.
Another matter that might take the attention of the ministers is the election of the new OPEC Secretary General.
OPEC founded in 1961 in Bagdad (Iraq) provides a significant portion of the oil used around the world.