Hardline Legislator Says Iran Should Leave OPEC

There is no economic justification for Iran’s continued membership in OPEC since the organization is currently acting contrary to its initial goal of keeping crude oil prices high, said a hardline Iranian lawmaker Saturday, in remarks in the daily Sharq.

“I believe our presence in OPEC is not necessary… (since) the philosophical existence of OPEC was to block any drop in (oil) prices,” said Kamal Daneshyar, head of the Iranian Parliament’s influential Energy Committee.
Rigzone