Iranian Oil Minister Bijan Zanganeh will attend a meeting of an OPEC/non-OPEC committee that monitors output compliance, known as the JMMC, in Algeria in September, the Iranian Students’ News Agency (ISNA) reported on Wednesday. Zanganeh’s goal in attending the meeting is to maintain Iran’s oil market share, ISNA reported. The meeting is scheduled to take place six weeks before U.S. sanctions on Iran’s oil industry are due to take effect. After months of underproduction, the Organization of the Petroleum Exporting Countries agreed with Russia and other oil-producing allies to raise output from July by returning to 100 percent compliance with previously decided cuts. That would mean an output increase of roughly 1 million barrels per day. Last week, Zanganeh sent […]