Iran to back extension of oil output cuts

Iran to back extension of oil output cuts

Most oil producers support an extension of output cuts by OPEC and non-OPEC countries, and Iran would also back such a move, Iranian oil minister Bijan Namdar Zanganeh said.

Zanganeh stressed that most countries want OPEC's decision to be extended.

"Iran also supports such a decision and if others comply, so would Iran," Reuters cited Zanganeh as saying

OPEC and some non-OPEC producers agreed to cut output on November 30, 2016 by 1.2 million barrels in the first six months of 2017.

7340 views
We use cookies and collect personal data through Yandex.Metrica in order to provide you with the best possible experience on our website.