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Zanganeh: Doha Meeting a Positive Step

Zanganeh: Doha Meeting a Positive StepZanganeh: Doha Meeting a Positive Step

Iran's Oil Minister Bijan Namdar Zanganeh said on Saturday last week's Doha meeting to freeze oil production, despite its failure, was a positive step and Iran would support any plan to stabilize the market. "Doha meeting was not fruitful but we see it as a positive step as it initiated negotiations between OPEC and non-OPEC member countries and showed to the main oil producers in OPEC that something should be done to change the situation," Zanganeh was quoted as saying by the Oil Ministry's news agency, Shana, Reuters reported. The minister added that Iran's oil production has increased by 1 million barrel per day since the lifting of international sanctions on Iran in January. He said Iran will continue to increase oil production until it regains its lost oil market share. Iran's government officials said last week the country's output will reach its pre-sanctions level of 4 million barrels per day in two months.

 

Financialtribune.com