Iranian Oil Minister Bijan Zanganeh affirmed on Saturday that Iran was not planning to abandon the Organisation of the Petroleum Exporting Countries (OPEC), Russian news agency Sputnik reported on Saturday.
“Iran has no plans to leave OPEC…and regrets that some members of OPEC have turned this organisation into a political forum for confronting two founding members of OPEC, meaning Iran and Venezuela”, according to Zanganeh.
The oil minister’s remark comes after Tehran vowed last month to take retaliatory measures if its interests in OPEC are harmed.
The Iranian official also pointed out that the organisation is flawed due to “the unilateralism of some of its members and that it’s possible that the organisation may collapse”.
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