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Oil output freeze proposal ‘ridiculous’: Iran

by ChemOrbis Editorial Team -
  • 24/02/2016 (12:14)
According to media reports, Iranian oil minister Bijan Zanganeh commented that a proposal to freeze oil output at January levels by Saudi Arabia, Russia, Venezuela and Qatar was ‘ridiculous’. The minister stated that the proposal would be inappropriate at a time, saying that the proposal would put unrealistic demands on Iran.

Last week, Iran expressed reluctance to limit crude oil production as the country is aiming to increase production to pre-sanction levels in order to regain their market share.
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