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

Kuwait to Tap International Oil Firms for Offshore Fields

Aker BP Brings North Sea Subsea Tie-Back Project on Stream

Shell Nigeria Starts Maintenance on Bonga FPSO, Trims Oil Exports

Current News

Shell Sells 20% Stake in Offshore Orca Project to Kuwaiti Foreign Petroleum Exploration Company

Seatrium Wraps Up AmFELS Yard Sale

Strategic Marine Delivers CTV for Taiwan’s Offshore Wind Sector

Eni Enlists Shearwater for 3D Seismic Survey in Timor Sea

Subscribe for OE Digital E‑News