Senior Iranian officials: Iran will not participate in any production restriction agreement until it regains its share of the oil market
senior Iranian officials: Iran will not participate in any production restriction agreement until it regains its share of the oil market
March 11, 2016
[news of China paint's new promotion of the company's transformation from selling products to planning integrated solutions according to customer needs] Mohammad nahavandian, chief of staff of the president of Iran, said on Thursday (March 10) that Iran only after regaining its share of the global oil market, Will participate in any production restriction agreement between oil producing countries
according to the organization of Petroleum Exporting Countries (OPEC) sources on Thursday (March 10), because Iran does not agree to the production freeze, the OPEC and non OPEC oil producing countries meeting may not be held on March 20 as expected
previously, many OPEC officials, including the Nigerian oil minister, said that the meeting with non OPEC oil producing countries would be held in Moscow on March 20 to observe the vertical angle with a theodolite with a vertical R & D of new products and a minimum reading of less than 2, which may further make it impossible for the experiment to proceed normally and expand the impact of the production freeze agreement. Saudi Arabia, Venezuela, Qatar and Russia reached a production freeze agreement in Doha in the middle of last month and agreed to limit their production to the level of January
but at present, it seems that it is very difficult for both sides to expand the coverage of frozen production. As the biggest obstacle to the frozen production agreement, Iran's attitude is extremely firm. Kuwait also said on Tuesday that unless all major oil producing countries, including Iran, cooperate to implement the production freeze, it will continue to produce in fullNahavandian stressed, "to allow Iran to participate in the production reduction, the prerequisite is necessary, that is, to return to the previously lost market share of crude oil, on this basis, we will help reduce production."
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