Iran agreed to freeze oil production

5

Иран согласился заморозить добычу нефти

Iran has expressed readiness to join the plan to freeze oil production, RIA Novosti reported. This decision was declared by the representative of the Iranian national oil company NIOC.

Previously, Tehran insisted on the restoration of production levels of oil, as the sanctions imposed on it has painfully affected the economic development of the country. Iran’s position has been a major cause of disputes arising at the meeting of the countries-oil producers in Doha on April 17. During the talks in Qatar, discussed the possibility of freezing of production of “black gold” at the level of January 2016 to stabilize prices on the market, however, the parties are unable to reach a consensus.

According to the Director for international Affairs of NIOC Mohsen Kamsari, Iran during the time elapsed after negotiations failed to reach its target production of 4.2 million barrels in fact. Now the country can join the plan for the freezing of oil production. The Minister of oil of Iran Bijan Zanganeh should make the final decision on the matter within days.

According to forecasts Kamsari, Iran is ready to suspend oil production after 1-2 months after reaching the pre-sanctions production levels and oil exports.

LEAVE A REPLY

Please enter your comment!
Please enter your name here