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

New Troll Project Start Up Boosts North Sea Gas Production

Saudi Contractor Enters Oman with Four-Well Drilling Assignment

Shell Puts Aphrodite Gas Project off Trinidad On Hold

Current News

TDI-Brooks Completes Subsea Cable Survey Project Offshore Alaska

Astro Offshore, Oceaneering to Deliver Integrated Subsea Solutions

Astro Offshore, Oceaneering Team Up on Integrated Subsea Solutions

China's CNOOC Posts Record First-Half Profit

Subscribe for OE Digital E‑News