Tehran, Iran, Sept. 27
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Iranian Oil Minister Bijan Zanganeh will visit Moscow in early October to take part in the Russian Energy Week-2018 forum, according to the event's program.
Iranian Oil Minister Bijan Namdar Zangeneh is scheduled to sit down with Russian and Qatari energy ministers during an upcoming visit to Moscow.
Zangeneh will hold talks with Alexander Novak and Mohammed Saleh Al-Sada on the sidelines of the Russian Energy Week-2018 forum slated to be held in the Russian capital on October 3-6, IRNA news agency reported on September 27.
Reports suggest that Saudi Arabian Energy Minister Khalid al-Falih and Nigerian Oil Minister Emmanuel Ibe Kachikwu are also expected to join Iran-Russia-Qatar special panel.
They will discuss the prospects of the global energy market in 2030.
OPEC has come under pressure to raise output amid a steep downturn in supply among some of its biggest exporters.
One is Venezuela, which has been faced with a sharp fall in production amid a deepening economic crisis and the threat of US sanctions.
Another one is Iran, which has been the target of new US sanctions targeting its oil industry since Trump decided to pull America out of the 2015 Iran nuclear deal.
One set of sanctions has already been imposed on Iran and another is due to come into effect in November. The US State Department has been warning companies buying Iranian crude to put an end to purchases by early November.
However, Saudi Arabia and Russia ruled out any expeditious supply increases at the Algeria meeting while decidedly ignoring Donald Trump’s call to increase supplies and ease price pressures.