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Trump’s possible 'decertification' of Iran n-deal will not jeopardise OPEC plus agreement: Russia

Trump’s possible 'decertification' of Iran n-deal will not jeopardise OPEC plus agreement: Russia

Moscow, Oct 7 (UNI) Russian Energy Minister Alexander Novak said possible 'decertification' of the Iran nuclear deal by the US President Donald Trump does not endanger the agreement between OPEC and non-OPEC countries on reducing oil production to balance the market. "I can air only my personal opinion. In my view, this is unlikely to lead to the agreement's disruption. We have as an example the situation concerning Qatar in the Middle East. It is a signatory of the deal (OPEC plus), and it is continuing to adhere to its obligations on reducing production, and we keep meeting," Mr Novak said in an interview with the Business FM radio station. "The Qatari Minister was here, at Russian Energy Week. We had a ministerial meeting of the Gas Exporting Countries Forum. Among other things, we discussed issues concerning oil and cooperation in this sector here. And nothing has changed here in this respect, and therefore I hope we will finalize the deal. The market will be balanced, and, in principle, we should switch to a normal market-based track," he said. If the deal with Iran is severed and "some tough measures are introduced, such as those that had been in place before the sanctions were lifted from Iran, this would affect the markets very much, as was the case in previous years," the Energy Minister emphasised. "Everything will depend on what decisions could be made. If it's sanctions concerning oil and restrictions on oil trade with Iran, that's one situation. If it's some other sanctions or if there are no sanctions at all, it's a different one," Mr Novak said when asked how the market could react to the Iran nuclear deal's possible decertification by Trump. "Iran is one of the countries producing a very large amount of oil and supplying it to global markets. They produce 3.8 million barrels a day now. We remember that, when the sanctions were imposed, production volume declined significantly. Iran then produced less than 3 million barrels, and therefore these volumes are surely considerable for the market," the Minister added. UNI XC SDR AE 1626

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Pakistan FM in US to attend UNGA session

Pakistan FM in US to attend UNGA session

23 Sep 2018 | 9:33 AM

Islamabad, Sep 23 (UNI) Pakistan Foreign Minister Shah Mahmood Qureshi has reached the United States to participate in the UN General Assembly (UNGA) session where he will present Islamabad's stance on host of issues including Kashmir.

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WB Vice President Hartwing Schafer due tomorrow to discuss Rohingya issue in Bangladesh

22 Sep 2018 | 10:23 PM

Dhaka, Sep 22 ( UNI) World Bank Vice President for the south Asia Region, Hartwing Schafer will arrive tomorrow to further deepen the longstanding partnership between Bangladesh and the World Bank Group and discuss how to help the country cope with the Rohingya crisis.

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DHSK seals 170 illegal clinics across Kashmir

22 Sep 2018 | 10:10 PM

Srinagar, Sep 22 (UNI) The Directorate of Health Services Kashmir (DHSK) has sealed 170 illegal and un-authorized clinics across the valley, an official spokesman said here this evening.

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Jaya Prada appointed Goodwill Ambassador for Nepal tourism

Jaya Prada appointed Goodwill Ambassador for Nepal tourism

22 Sep 2018 | 9:31 PM

Kathmandu, Sept 22 (UNI) Actor and former member of Parliament Jaya Prada has been appointed by the government of Nepal Jaya Prada as its Goodwill Ambassador for tourism and culture.

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Bangladeshi Juice PRAN sign $5m export deal with Netherlands

22 Sep 2018 | 9:16 PM

Dhaka, Sep 22 ( UNI) Engel Foreign Food, popular chain shop of the Netherlands, will purchase products worth of $5 million from PRAN, a leading food processor in Bangladesh.

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