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Friday, April 15, 2016

Iran will never sign oil production freeze agreement under preparation in Doha

Iran will never sign oil production freeze agreement under preparation in Doha. (Tass).

Iran will never sign the oil production level freeze agreement undergoing preparation in Doha, official spokesperson of Iran’s Petroleum Ministry Akbar Nematollahi said on Friday in an interview with IRNA news agency.

Iran’s oil minister Bijan Namdar Zanganeh will not attend OPEC's Doha meeting on April 17 in view of earlier scheduled contacts, Nematollahi said.

The spokesman added the minister has announced Iran's positions during bilateral or multi-lateral meetings with OPEC and non-OPEC producers and Iran will never sign Doha upcoming agreement.

Iran's representative in the OPEC Board of Governors Hossein Kazempour Ardabili will represent Iran in the upcoming meeting of OPEC and non-OPEC oil producing nations.

Nematollahi added Iran at the same time supports efforts of oil producing countries to stabilize the global oil market. IRNA reported Iran has always declared that it will not sign oil output freeze plan to retake its share of oil market and promote oil production to pre-sanctions era.

Russia’s Energy Minister Alexander Novak told TASS earlier the oil production freeze agreement may be reached without Iran’s participation.

The issue on keeping the oil production at the level of January 2016 will be discussed at the meeting in Doha on April 17. Most oil producing countries have earlier confirmed their participation.

Iran oil exports surpasses 2 million bpd, willing to discuss production cuts once it reaches 4 million bpd.

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