Bijan Zanganeh has broken up several attempts to reduce crude production


VIENNA—When a handful of OPEC countries floated a proposal to reintroduce production limits on members on Wednesday, it took only a few hours for Iran to quash the idea with the words of one man: Bijan Zanganeh.

By Thursday morning, support for the limits had faded and the Organization of the Petroleum Exporting Countries took no action on production at its meeting.

Iran’s oil minister has taken on a more powerful role among the world’s biggest energy producers in recent months, as his country attempts an economic comeback with petroleum sales following the end of Western sanctions in January.

Read more here

 

This article was written by Benoit Faucon for The Wall Street Journal on June 3, 2016. Benoit Faucon covers OPEC and the oil industries of Iran, Libya, Nigeria and Algeria. He has also strayed into investigative stories such as pharmaceutical counterfeits, money laundering or terror finance.