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Bloomberg: Iran will participate in the meeting in Doha, but persists about the production

Bloomberg: Иран примет участие во встрече в Дохе, но упорствует насчет добычи

The Iranian oil Minister Bijan Namdar Zanganeh will participate in the meeting of representatives of OPEC countries and other major world oil producers, which will take place on 17 April in Doha. About it reports Bloomberg with reference to informed source.

However, he pointed out, Iran does not intend to join other producing countries planning to freeze production levels. The Iranian authorities plan to regain market share, which was the country before the imposition of international sanctions, said the “News Economy”.

Earlier the oil Minister of Iran called the proposal freeze “laughable”, because after the lifting of international sanctions the country is eager to return to their former levels of production (4 million barrels per day).

16 February 2016 following the meeting in Doha, Russia, Saudi Arabia, Qatar and Venezuela have agreed to freeze oil production at the level of last January, but only if other manufacturers will join the initiative. Among the countries that had expressed such a readiness, Ecuador, Algeria, Nigeria, Oman, Kuwait, UAE. Iran and Iraq is still talking only about supporting “steps to improve the situation in the oil market”, avoiding promises to join the frozen production.

On 22 March it became known that Qatar has sent to all member countries of OPEC and other major oil-producing States an invitation to participate in the new meeting — 17 April in Doha.

The representative of the Ministry of energy of the Russian Federation confirmed that Russia had received an invitation and plans to participate in the meeting.

Meanwhile, Libya has refused to participate in the meeting of oil producers, explaining this decision by saying that it intends to increase oil production as much as she can.

In addition, some sources claim that the meeting is not expected the presence of delegates from Brazil and Argentina.

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