IFP - Iranian Minister of Petroleum Bijan Zangeneh said: �OPEC may choose to alter its output cut plan which I think would be unlikely.�

Speaking to reporters following a ceremony to sign the development contract for Aban and West-Paydar oilfields in Tehran on Wednesday, the official said so.

Asked about Iran�s oil swap with Iraq�s Kirkuk, Mr. Zangeneh said the logistics and coordination of trucks for the swap are underway, and once the trucks are ready, �we are ready for the swap.�

Speaking of the transfer of money in the contract for developing the two oilfields by Zarubezhneft, the official said: �There is no problem in money transfer; in fact, we will not have to transfer any cash; the transfer will be carried out by foreign companies, and no money will be deposited in our account�.

Regarding the agreement of OPEC and non-OPEC crude oil producers to cut their output and its extension beyond the end of 2018, Mr. Zangeneh said: �The Russians may pull out of this deal because they have no obligation to agreement with OPEC until the end of the year; OPEC also can reconsider its decision, but it is unlikely..�