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Qatari Foreign Minister: More Iranian oil pumping will help stabilize prices and reduce inflation

Sheikh Mohammed bin Abdulrahman Al Thani, Deputy Prime Minister and Foreign Minister of Qatar, confirmed that the current global situation calls for greater international cohesion and greater diplomatic engagement.

Qatar’s foreign minister said in an interview with the German newspaper Handelsblatt that the Iranian leadership had told them they were ready to compromise and find a solution on the issue that would maintain stability in the Persian Gulf.

He added that pumping additional volumes of Iranian oil to the market would help stabilize oil prices and reduce inflation.

The Qatari diplomat also spoke in an interview about fears of major blocs between East and West, saying that “Qatar wants a balanced investment strategy and good work with everyone.”

Sheikh Mohammed bin Abdul Rahman Al Thani said: “As a member of the Gulf Cooperation Council, we want to maintain our relationship with the United States and Europe while maintaining a balanced relationship with China, Russia and other countries, and we want to see how can we help bring it all together and not become a divisive factor.”

Regarding rising gas prices, he said that Qatar is currently doing its best to help its European partners make up for the shortcomings of European energy markets.

He added: “We are currently committed to Europeans and other partners and we do not change the destination of LNG tankers, although our contracts guarantee us this in case there is a higher price at another destination.”

And he pointed out that “Furthermore, Qatar is currently significantly increasing gas production in a way that creates opportunities to export more liquefied natural gas to Europe.”

Source: El Iktisad

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