France Wants Iran, Venezuela Return to Oil Markets

Reuters
Monday, June 27, 2022

France wants sanctions-hit Iran and Venezuela to return to the oil markets to alleviate a Russian squeeze of energy supplies that has spiked prices, a French presidency official said on Monday.

It also wants a planned mechanism to cap the price of oil to be as broad as possible and not be limited to Russian output.

The French official also said Ukrainian President Volodymyr Zelenskiy told G7 leaders on Monday morning that the conditions were not right to negotiate with Russia and wanted to be in a position of strength before began any negotiations.


(Reporting by John Irish; writing by Philip Blenkinsop; editing by Angelo Amante)

Categories: Energy Middle East Activity Production South America

Related Stories

Export Curbs Should not Harm Australia's Biggest LNG-producing State

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Shell’s Deepwater Mars Hits One Billion Barrels, with More to Come (Video)

Current News

Suriname's Block 52 Could Become Commercial in 18 Months

Bourbon Wins Prime Energy Contract in Philippines

TDI-Brooks Survey Vessel Gyre Arrives in Liberia

CRP Subsea Secures Cable Protection Contract for Offshore Wind

Subscribe for OE Digital E‑News