Tehran, September 05: Iran’s OPEC governor says new Oil Minister Massoud Mirkazemi plans to take part in the upcoming meeting of the Organization of the Petroleum Exporting Countries.
The next meeting of OPEC in Vienna on Wednesday will review the latest developments in the oil market to make decision about its likely output change.
“The new oil minister … is familiar with the atmosphere of international trade,” Khatibi told Mehr news agency.
Mirkazemi, former commerce minister, received vote of confidence from parliament on Thursday to become the new oil minister.
Mirkazemi said in its working plan submitted to Majlis that he will seek to maintain Iran’s position as OPEC’s second-largest oil producer with improving production capacity.
Iran says its proven oil reserves have grown dramatically over the past year and now stand at 138 billion barrels.
Head of the National Iranian Oil Company (NIOC) Seifollah Jashnsaz said in May that Iran’s oil production has passed 4.3 million barrels per day.
—–Agencies