Saudi Arabia must cut oil output if Iran’s exports reach level before sanctions: official

on
June 17:


A former official at the National Iranian Oil Company said if Iran's oil exports reach the pre-sanctions level, Saudi Arabia will have to decrease its output. (AFP/File)

A former official at the National Iranian Oil Company said if Iran's oil exports reach the pre-sanctions level, Saudi Arabia will have to decrease its output. (AFP/File)
A former official at the National Iranian Oil Company (NIOC) says if Iran's oil exports reach the pre-sanctions level, Saudi Arabia will have to decrease its crude output.
In an interview with Azerbaijan's Trend news agency on Wednesday, Fereydoun Barkeshli, NIOC’s former general manager for OPEC and international affairs, emphasized that should Iran's oil production reach pre-sanctions level, “there is no doubt that Saudi Arabia will have to cut back production.”


Sourcee: www.albawaba.com/business/saudi-arabia-must-cut-oil-output-if-iran%E2%80%99s-exports-reach-level-sanctions-official-709122?

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