France wants the return of Iran and Venezuela to the world oil market
France on Monday called on oil-producing countries to “exceptionally” increase their production and continue negotiations to allow oil from Iran and Venezuela to return to the market in order to overcome the energy crisis, local media reported. .
On the sidelines of the G7 summit in Elmau, Germany, an official from the French presidency stressed the need to curb soaring fuel prices by increasing oil production while maintaining the goal of carbon neutrality, according to FranceInfo.
“We need oil-producing countries to produce more exceptionally,” the official said, noting that there are “resources elsewhere that also need to be explored.”
The manager notably called for a “diversification of supplies”.
“There is a knot that needs to be untied if necessary (between the United States and Iran)…so that Iranian oil…and Venezuelan oil can also be put back on the market,” the official said.
Macron is expected to raise this point with Saudi Crown Prince Mohammed bin Salman and United Arab Emirates President Mohammed bin Zayed.
US President Joe Biden, who is also due to visit Saudi Arabia in July, will also discuss the possibility of boosting oil supplies, Le Figaro, a French daily, said in a report.
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