Iran's doubling oil export not impact on global markets
Iran's doubling of its oil export hasn't had impact on the global markets, said Iran's Oil Minister Bijan Namdar Zanganeh.
The minister went on to add that Iran's supplies to the market were "well absorbed".
Zanganeh said that OPEC must take a regulator role in markets and manage the markets in unbalanced situations.
Iran previously said that it has no plan to join the oil production freeze until his production level reaches the pre-sanctions level.
The meeting of the oil ministers of OPEC's 13 members will be held June 2 in Vienna.
Before, the idea of oil freezing -at the production level of January 2016- was discussed in Qatar on April 17 among OPEC members and some non-OPEC producers including Russia. No result was reached by the end of the meeting.
Iran was producing about 3.8 million barrels per day (mb/d) of crude oil as well as 400,000 b/d of the natural gas liquids and gas condensate before sanctions, but the crude oil output stood at 3.451 mb/d in April, about 199,000 b/d more than March, according to the latest report of OPEC.
Speaking about the selection of new OPEC's Secretary General, Zanganeh said that there are seven candidates for this post and Iran would vote for the most competent candidate.
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