Iran says no OPEC member can take over its share of oil exports

Reuters  |  LONDON 

(Reuters) - told on Sunday no member country should be allowed to take over another member's share of exports, expressing Tehran's concern about Saudi Arabia's offer to pump more in the face of U.S. sanctions on Iranian sales.

"No country is allowed to take over the share of other members for production and exports of oil under any circumstance, and the Ministerial Conference has not issued any licence for such actions," Iran's oil ministry agency SHANA quoted Kazem Gharibabadi, the to Vienna-based international organizations, as saying.

In May, U.S. pulled out of an international nuclear deal with and announced sanctions against the OPEC member. is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian in November.

is the third-largest in the Organization of the Petroleum Exporting Countries after and

Trump has called on OPEC to pump more oil to bring down prices. of Saudi Arabia, a U.S. ally, and said in May they were prepared to ease output cuts to calm consumer worries about supply.

"Iran believes that OPEC should strongly support its members at this stage and stop the plots of countries trying to politicise this organisation," Gharibabadi said.

Regional rivals and Iran are involved in proxy wars, including in and

(Reporting by Bozorgmehr Sharafedin; Editing by Janet Lawrence)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, August 19 2018. 13:46 IST