Bijan Namdar Zanganeh

We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Bijan Namdar Zanganeh is associated, including OPEC and Russia. Most recently, Bijan Namdar Zanganeh has been quoted saying: “OPEC and non-OPEC countries have concluded that in order to keep the market in good health and restore balance between supply and demand, they have to play an active role. The market has felt this, and there is a real demand and will for that to happen.” in the article Russia signs oil development deals with Iran. An other article where Bijan Namdar Zanganeh has been quoted is Russia's Gazprom Neft, Iran's NIOC agree Iranian oil field studies.

Bijan Namdar Zanganeh quotes

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OPEC and non-OPEC countries have concluded that in order to keep the market in good health and restore balance between supply and demand, they have to play an active role. The market has felt this, and there is a real demand and will for that to happen.

The talks between the two countries' leaders were essential and very significant in this matter.

We were firm. The call between Rouhani and Putin played a major role ... After the call, Russia backed the cut.

It seems that Russia is ready and sent very positive signal to us for contributing.

We will leave the level of production (where) we decided in Algeria.

But if political will plays a role in this, it will be difficult to make a decision ... I hope oil is not used in the Wednesday meeting as a political tool.

If we look at the OPEC meeting from an economic point of view we can reach an agreement soon to freeze oil output to 32.5 to 33 million barrels per day as decided in Algeria.

We are to present our views about this proposal at the ... Nov. 30 OPEC meeting. The general trend and public statements suggest that OPEC can reach a viable agreement for its production and market management. If we can agree, and I am optimistic, (oil) prices will increase and this is also what the world economy demands.

We are receiving positive signals that increase the likelihood of agreement at the meeting ... and I'm optimistic about the situation. I think if we can reach an agreement, God willing, the price would rapidly reach above $50 per barrel ... If non-OPEC (producers) also cooperate, I don't think $55 per barrel would be out of reach.

Since OPEC has reached the framework of an agreement, efforts should be made so that non-OPEC countries can also agree among themselves.

I hope the two sides can reach an understanding, ... that and Russia and non-OPEC countries will reach an understanding over the decision by OPEC members to decrease oil production.

We have decided to decrease the production around 700,000 bpd.

OPEC made an exceptional decision today ... After two and a half years, OPEC reached consensus to manage the market.

It's not my mission to be optimistic or pessimistic.

Iran wants a stable market and therefore any measure that helps the stabilization of the oil market is supported by Iran.

We support oil prices between $50 and $60 per barrel.

This is the first step and other steps should also be taken. This cooperation between OPEC and non-OPEC members to stabilise the market is good news. We support any effort to stabilise the market and prices.

(In) less than 10 days we're going to start to increase our production and during a maximum of six months, we will reach close to 3.8 [million barrels], and at the end of this year, the Iranian year, we will reach four million barrels per day crude oil output.

I'm sure that all OPEC members show wisdom and when member countries, after limitation, return to the market they understand (that) they should open the doors for him and not fight with him.

We should be very concerned about it, action is needed.

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