Iran doesn't take decision on OPEC oil limit

Iran doesn't take decision on OPEC oil limit

Iran has yet to take any decision on whether to set a ceiling on oil production or take part in a planned OPEC meeting in Algeria, an oil ministry source said.

“It is too early to talk of a decision from Iran concerning a freeze in the level of production,” the source said, speaking on condition of anonymity.

The comments followed rumours that Iran would take part in an informal OPEC meeting in September on the margins of an energy forum. But the oil ministry source in Tehran said it was only “speculation” that Iran would take part in the meeting, the Guardian reports.

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