Iran says Saudis, UAE turned OPEC into “tool” for US
Tehran (Basirat) :Iran has criticized the Organization of the Petroleum Exporting Countries (OPEC) for allowing Saudi Arabia and the United Arab Emirates to turn the body into a “tool in the hands of the US.”
"Saudi Arabia and the UAE are turning OPEC into a tool for the US and
consequently the organization has not much credit left," Iran's OPEC governor, Hossein
Kazempour Ardebili, was quoted by media as saying.
"It is a fact that OPEC is losing its organizational character and becoming a
forum," Kazempour Ardebili added.
Iran's OPEC governor, Hossein Kazempour Ardebili.
Elsewhere in his remarks, Kazempour Ardebili suggested that a deal reached
between OPEC and non-OPEC producers in 2017 over production ceilings had already
lost effect.
Source:PressTv
