Iran has no plans to leave OPEC: Iranian oil minister

Iranian Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. (File/Reuters)
Updated 08 June 2019

Iran has no plans to leave OPEC: Iranian oil minister

  • The Trump administration is seeking to intensify economic and military pressure against Iran
  • On Friday, US President Donald Trump’s administration added Iran’s largest petrochemical holding group to its sanctions list

GENEVA: Iran has no plans to leave the Organization of the Petroleum Exporting Countries, Oil Minister Bijan Zanganeh said in an interview published by the Iranian parliament news site ICANA on Saturday.
“Iran has no plans to leave OPEC...and regrets that some members of OPEC have turned this organization into a political forum for confronting two founding members of OPEC, meaning Iran and Venezuela,” Zanganeh told ICANA.
“And two regional countries are showing enmity toward us in this organization. We are not their enemy but they are showing enmity toward us...and (they) use oil as a weapon against us in the global market and world.”
Zanganeh did not name the two countries.
Tensions between Iran and Saudi Arabia and the United Arab Emirates have spiked this year after the two said they would increase oil production to make up for Iranian crude cut from the market by US sanctions.
On Friday, US President Donald Trump’s administration added Iran’s largest petrochemical holding group to its sanctions list, accusing it of indirectly supporting Tehran’s Revolutionary Guards. Washington said the move aimed to dry up revenues to the elite Iranian military force but analysts called it largely symbolic.
The Trump administration is seeking to intensify economic and military pressure against Iran because of its nuclear and missile programs as well as its support for proxy groups in Syria, Iraq, Lebanon and Yemen.


Lufthansa cabin crew union stages all-day strike at smaller airlines

Updated 20 October 2019

Lufthansa cabin crew union stages all-day strike at smaller airlines

  • There is escalating row over workers’ pay and pensions
  • The cabin crew union has for months fought with the airline in court over UFO’s legal status

FRANKFURT: German flight attendants’ union UFO on Sunday said it would stage an all-day strike at smaller German divisions of airline group Lufthansa in an escalating row over workers’ pay and pensions.
The walkout at Lufthansa brands Germanwings, Eurowings, Lufthansa City Line and Sunexpress had initially been scheduled for 0300-0900 GMT but the union in a statement on Sunday said industrial action would now be extended until midnight local time (2200 GMT), citing threats made by the airline over jobs as reason.
A Lufthansa spokesman said the strike was illegal because UFO’s status as a negotiator on behalf of staff was in doubt.
Lufthansa on Friday had offered a 2 percent pay rise to cabin staff, prompting the union to call off a planned strike at Lufthansa’s namesake core brand at hubs Frankfurt and Munich.
But the dispute deteriorated after UFO found the offer lacked concessions on expenses and employment conditions.
The cabin crew union has for months fought with the airline in court over UFO’s legal status. Lufthansa claims the union’s new leadership team that took office earlier this year was not elected in a way that met legal requirements.