MP: Iran can use Venezuela's crisis situation to raise its own oil exports
Venezuela has been tossed between right (conservative political faction) and left (reformist) wing governments during the past three decades, however the OPEC oil policies were moderate and it has tried to follow its interests.
The late Venezuelan president Hugo Chavez asked for Iran's help when the crisis started in the country, and after proper coordination, Iran sent five oil product cargos to Venezuela. From that day on, the relations between two countries become more amicable but in general Venezuela was going through hard time.
It has been indicated that OPEC prefers Venezuela with necessary political stability.
Meanwhile, the representative of Iran's Ilam Province in the country's parliament's Energy Commission Jalal Mirzaie discussed the effects of Venezuela's crisis on Iran.
"The turbulence in Venezuela is not very bold on the oil market, however when the oil exports drop, it affects the rise of the oil prices," he said.
"The US position in implementing sanctions against the Venezuelan state-owned Oil and Natural Gas Company would lead to oil price hike," said Mirzaie.
The MP noted that Iran could use the situation to increase its own oil exports.
Referring to volume of Iran's oil exports during the recent months, the MP said the volume of oil exports has reached 1 million barrels a day.