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Iran pushes oil producers to continue freeze talks

by ChemOrbis Editorial Team -
  • 19/04/2016 (11:34)
According to media reports, Iran is pushing OPEC and non-OPEC producers to keep discussing an output freeze following the Doha meeting, from which oil producers returned without a consensus. Iran underlined that they are not freezing their own output as they plan to increase oil output to pre-sanction levels in order to regain lost market share. Saudi Arabia said that they would not sign a deal without the participation of Iran, which had not attended the freeze talks.

Iranian OPEC Governor Hossein ‎Kazempour Ardebilli said that they support oil producers’ efforts to stabilize the markets and that they should continue negotiations. However, he also pointed out that Iran had clearly expressed that they want to take advantage of lifting of sanctions.

The sanctions were lifted in January following Tehran’s compliance with an agreement which required it to curb its nuclear program with six major powers, including the United States, France, Britain, China, Russia and Germany.
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