X

PEDC News

Home /News & Media/News
No Production Increase Discussed at JMMC Meeting

 No Production Increase Discussed at JMMC Meeting

Monday، 01 October 2018 | Article Rating

TEHRAN (Shana) -- Iran’s OPEC Governor Hussein Kazempour Ardebily said no production increase was discussed during Sunday’s meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) in Algiers.

Ardebily who represented Iran in the meeting told Shana that the compliance of OPEC and non-OPEC signatories of the OPEC output cut deal was announced at 118% and 119%, respectively, during the meeting. 

“The member countries present in the meeting emphasized 100 percent compliance to the OPEC-Non-OPEC agreement,” he said. 

In 2016, OPEC and non-OPEC crude oil producers including Russia struck a historic agreement to curb their overall production by 1.8 million barrels per day by December 2018.  

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

Photos
  • No Production Increase Discussed at JMMC Meeting
Rating
Sharing
طراحی سایت ایزی وب