Code: 703188 A

Iran Oil Minister Bijan Zangeneh has indicated the heavy US pressure on Iran's sales of oil products, and the effects of sanctions on the country's "gas plans" with Pakistan.

"The threats against OPEC have partly foreign and domestic origins. The current trend in the market indicates that the OPEC's positive move on cutting the oil output was accepted," the minister said.

He described the recent OPEC meeting as being 'under serious US pressure', and said that the major pressure against Iran was inflicted by two neighboring countries.

"If we would have agreed with the cut in production, 600,000 barrels of crude oil would be reduced from our production, but through Iran's persistence, the country was exempted from the OPEC output cut plan," he said.

Zangeneh, further speaking about the US sanctions, said the pressure was more on the oil products than crude oil.

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Opec Iran's oil
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