Wednesday 7 September 2016

IRAN SEEKS $50-$60 OIL PRICE AS BARKINDO VISITS TEHRAN

Iranian Oil Minister, Bijan Zanganeh, has stated that his country supports an oil price of $50-60 per barrel and any measure that would help stabilise the market, following a meeting held yesterday with the Secretary General of the Organisation of Petroleum Exporting Countries (OPCE), Mr. Mohammed Barkindo in Tehran.

This is coming as the Chairman of the Senate Committee on Petroleum (Upstream) Resources, Senator Omotayo Alasoadura, said the Petroleum Industry Bill (PIB) was put on hold due to the Niger Delta crisis.
 

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