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Amir Vahdat, Associated Press
Published 16h07 AND 1st July 2018
BP's profits more than doubled in 2017 to reach $ 6.2 billion fueled by higher prices and oil and gas production, allowing the company to resume its operations. stock repurchases after three years of slowing down. Reports from Sonia Legg
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In this photo file taken on May 20, 2017, President Donald Trump and Saudi King Salman bin Abdulaziz al-Saud attend a signing ceremony before the Court Royal Saudi. TEHRAN, Iran – Iran on Sunday urged its OPEC colleagues to "refrain from any unilateral action" to increase oil production beyond the additional $ 1 million. A warning to Saudi Arabia after President Donald Trump said the kingdom would increase production.
The Iranian warning, in a letter to the UAE Minister of Energy, comes as Tehran faces the United States urged their allies to stop buying their oil as part of Trump's decision to remove America from nuclear power to world powers
Iran's first vice president said that the country's private sector could buy and export crude oil. und A new plan to fight US sanctions
Iranian Oil Minister Bijan Zanganeh has written to Emirati energy minister Suhail Mohamed al-Mazrouei, who is currently president of OPEC . The letter, published by the Iranian Oil Ministry's SHANA News Agency, did not directly name Saudi Arabia, the rival of the Iranian Middle East, but the ultra-conservative kingdom was clearly its target.
"OPEC decisions do not justify countries in the pursuit of the call for production increase by the United States, politically motivated against Iran," wrote Zanganeh. "As we all agree to depoliticize our efforts within OPEC, we should not let others take politicized measures targeting the unity and independence of the United States. ; OPEC ".
Members of the Organization of the Petroleum Exporting Countries The cartel members agreed this month to pump 1 million barrels of more crude oil a day, which should help contain the recent rise in global energy prices.
Builds on OPEC to Accelerate Production "Substantially"
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But on Saturday, Trump wrote on Twitter that he had received badurances from King Salman of Saudi Arabia the kingdom will increase oil p In Saudi Arabia, Saudi Arabia has acknowledged that the call had occurred, but did not mention any production target. Saudi Arabia currently produces some 10 million barrels of crude oil per day. Its record is 10.72 million barrels a day
In a statement released Saturday night, the White House seemed to return to the tweet of Trump.
"King Salman baderts that the kingdom maintains a reserve of 2 million barrels a day, which it will use cautiously if necessary to ensure balance and market stability, and in coordination with its partner producers, will respond to any eventuality, "said the statement.
urged its allies to end all oil purchases from Iran after the US exit from the 2015 nuclear deal. Prices also rose with persistent turmoil in the United States. Venezuela and the fighting in Libya over the control of oil infrastructure in this country.
The agreement allowed Iran to resell its crude oil on the international market, a major infusion for its anemic economy. On Sunday, Iran's first vice president, Eshaq Jahangiri, said his country's crude oil would be available on the Iranian domestic market for private companies to buy and export. He did not offer details for the plan.
"Our attempt is to defeat US policies in the sale of oil and we are sure we will sell our oil as much as we need," he said. was making fun of the United States for "begging the Saudis" to increase oil production to bring down world oil prices.
"If a country tries to take Iran's place in the oil market, we will consider it a great treason."
Jon Gambrell, Associated Press reporter Dubai (United Arab Emirates), contributed to this report.
President Trump says that the era of "global recharge" is over. He told travelers in Fargo, North Dakota, that his tariff impbade with China, the European Union and Canada was aimed at correcting the "disastrous trade deals" of his predecessors. (June 28)
AP
