Zanganeh: Iran's oil export rise has no negative effect on market

Iran's doubling of oil exports has had no negative effect on the market, the country's oil minister Bijan Namdar Zanganeh said before flying to Vienna to attend an OPEC meeting.

"Iran's oil exports have been doubled, in between OPEC's 168th and 169th meetings. This increase has had no negative effect on the market and has been absorbed in the market," Reuters cited Bijan Zanganeh as saying.