Zanganeh ... some Opec members battling for market share
Some Opec members want to battle for market share: Iran
VIENNA, November 26, 2014
Iranian Oil Minister Bijan Zangeneh said some Opec members, but not Iran itself, believed it was time to defend market share in the face of growing supplies from non-Opec nations.
He made the comments ahead of a meeting with Saudi Oil Minister Ali Al Naimi.
Oil ministers from the Organization of the Petroleum Exporting Countries (Opec) meet in Vienna. Impromptu talks between Saudi Arabia, fellow Opec member Venezuela and oil powers Russia and Mexico yielded no agreement on how to address a growing oil glut. -- Reuters