Iran will send its oil minister, Bijan Zanganeh, to a September meeting of the monitoring committee overseeing OPEC’s supply accord with Russia and other allies, in another bid to preserve the sanctions-hit country’s crude market share. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The Joint Ministerial Monitoring Committee is scheduled to meet September 23 in Algeria, just six weeks before US sanctions that could shut in 1 million b/d or more of Iran’s crude sales are scheduled to take effect November 5. Chaired by Iran’s chief geopolitical rival Saudi Arabia, the JMMC is tasked with assessing member compliance with production quotas in force since January 2017. But with OPEC and its partners agreeing in late June to a 1 million b/d output rise, Saudi energy minister Khalid al-Falih has said the committee will be responsible for reallocating those quotas, given some countries’ […]