Addressing Al Mazrouei, Zanganeh warned that any violation of OPEC\u2019s oil production ceiling will hurt the effectiveness of the organization, Shana news agency reported on Monday.
\nUrging strict adherence to the agreed caps, the Iranian minister noted that some member countries have produced \u201cfar above\u201d their original commitment in June and violated the agreement.
\nZanganeh further stressed the role of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC), saying that JMMC should monitor and report the conformity level of the members.<\/p>\n
JMMC can\u2019t interpret OPEC\u2019s decisions<\/strong><\/p>\n In his letter to Khalid al-Falih, Zanganeh stressed that JMMC doesn\u2019t have the right to interpret the organization\u2019s decision which was made during the 174th meeting. EF\/MA<\/p>\n","protected":false},"excerpt":{"rendered":" Addressing Al Mazrouei, Zanganeh warned that any violation of OPEC\u2019s oil production ceiling will hurt the effectiveness of the organization, Shana news agency reported on Monday. Urging strict adherence to the agreed…<\/p>\n","protected":false},"author":1,"featured_media":1230,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46,57,90,96,107,137,139,174,201,202,209,232,233,244,246,249,256,277,279,288],"class_list":["post-1229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aramco","tag-baroudi","tag-democracy","tag-doha","tag-embargo","tag-gas","tag-gazprom","tag-lebanon","tag-offshore","tag-oil","tag-opec","tag-putin","tag-qatar","tag-rosneft","tag-roudi","tag-russia","tag-saudi","tag-total","tag-trump","tag-usa"],"_links":{"self":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1229"}],"version-history":[{"count":0,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/posts\/1229\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=\/wp\/v2\/media\/1230"}],"wp:attachment":[{"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emimer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nHe further noted that last month\u2019s OPEC supply pact does not give member countries the right to raise oil production above their targets.
\n\u201cMember countries committed themselves to reach a production adjustment conformity level of 100 percent, as of July 1, 2018,\u201d Zanganeh stated.
\n\u201cThis decision neither warrants member countries the right to exceed their production level above the allocated production level decided, nor the right to redistribute the unfulfilled production adjustment commitments among member countries.\u201d<\/p>\n