Russian stand on Iran’s return to oil market encouraging: Zangeneh


TEHRAN, March 14 (Shana) – Petroleum Minister Bijan Zangeneh welcomed statements by Russian Energy Minister Alexander Novak suggesting Iran’s exemption from a global oil production and export freeze.

“The positions of Russia about Iran’s return as well as resumption of stability to the oil market were encouraging and very positive,” he told reporters following a meeting with Novak here on Monday.

Zangeneh, who was upbeat over his talks with the Russian minister, also said that two sides had close analyses regarding the oil market developments.

“Russia had a very clear position about Iran’s return,” he added, “What he said today was contrary to certain propaganda.”

Novak also told reporters that Iran can be exempted from the freeze to stabilize the market because its production and exports had decreased under sanctions.

“It is for 17 or 18 years that I am familiar with Russians’ positions. This was the most positive stand that I heard in the meetings which made me hopeful over improvement of the market in future,” Zangeneh said.