DUBAI, Sept 3: Iran will not back down in its quest for an Iranian head of Opec, the country’s new oil minister, Bijan Zanganeh, was quoted by Mehr news agency as saying on Tuesday.

The long deadlock over who should be the next secretary general of the Organisation of the Petroleum Exporting Countries has highlighted political tensions within the 12-country group that have increased due to Western sanctions on Iran.

Saudi willingness to raise exports to make up for a reduction in supplies from Iran and rising competition from Iraq has intensified the rivalries between the Gulf neighbours, with each having put forward a candidate for the job and none willing to back down.

“Certainly we will not let those countries that are oppressive against Iran to take the role of the secretary general,” Zanganeh said.

“If a number of Opec members do not alter their position towards Iran, like before, Iran will not back down either.” The three candidates that Opec ministers have to choose from when they next meet in Vienna in December are Saudi Opec governor Majid Al-Moneef; Thamir Ghadhban, energy adviser to Iraq’s prime minister; and former Iranian oil minister Gholam Hossein Nozari.—Reuters

More From This Section

Poverty index launched

A multi-dimensional poverty index based on global MPI methodology for calculating poverty was launched on Thursday.

Local drugmakers cashing in on MNCs’ departure

Some seven local pharmaceuticals have already inititated projects costing Rs3 billion to Rs5bn in the last 2-3 years.

Sindh announces sales tax amnesty

Sindh Revenue Board's amnesty scheme comes into immediate effect for citizens who have so far failed to pay sales tax.

C/A deficit rises to $2bn

The current account deficit has risen for the third consecutive quarter (Jan-March) of this fiscal year.

Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Front Page