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Iran oil minister: OPEC will 'coordinate itself' to accommodate renewed Iran exports

Published 09/04/2015, 09:28
Updated 09/04/2015, 09:31
© Reuters. Iranian Oil Minister Zanganeh talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna
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BEIJING (Reuters) - The Organization of Petroleum Exporting Countries (OPEC) will "coordinate itself" to accommodate Iran's return to oil markets without causing a price crash, Bijan Zanganeh, Iran's oil minister, told Reuters on Thursday, during a visit to Beijing.

Members of OPEC should also discuss production levels before June's meeting, he said.

© Reuters. Iranian Oil Minister Zanganeh talks to journalists before a meeting of OPEC oil ministers at OPEC's headquarters in Vienna

Iran, once the No.2 exporter of OPEC, is looking to ramp up its crude oil exports quickly if a final agreement is reached with the six world powers over its nuclear programme, and sanctions are lifted.

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