Tehran can offer special conditions within the framework of the agreements about the freezing of oil production taking into account its return to the market after the lifting of sanctions, told Reuters two non-Iranian source close to the discussions within OPEC. “Iran returns to the market, and it is necessary to give a chance, but need to resort to some calculations,” said one of the interlocutors of the Agency.
The sources did not specify what can be special conditions. According to Reuters, it may be consent to a limited increase in production by Iran or linking output growth with a future recovery in oil prices.
On Tuesday Russia, Saudi Arabia, Qatar and Venezuela expressed readiness to freeze oil production at the January level, subject to the addition of other exporters. Agreement with this idea, said sources in the industries concerned to Iraq and Kuwait.
The oil Minister of the UAE Suhail bin Mohammed al-Mazrouei announced Tuesday on his Twitter that the oil policy of his country is open for cooperation with all exporters on issues of mutual interest in the stability of the market, writes Reuters, noting that nothing more, he said.
The representative of Iran in OPEC Mehdi Asali signaled Wednesday that he will take a hard line in the negotiations on the limitation of production, which he intends to increase, until it reaches dosection levels. “To ask Iran to freeze the level of oil production is illogical… when Iran was under sanctions, some countries have increased production and they caused the fall in oil prices”, — quoted a Reuters interview Asali the newspaper “Sharg”.
On Wednesday in Tehran for talks with Iranian oil Minister, Bijan Zanganeh will arrive the Minister of oil of Venezuela, Eulogio del Pino, oil Minister of Iraq Adel Abdel Mahdi and the Minister of energy of Qatar Mohammed bin Saleh al Sada. The representative of the Iranian Ministry said that the meeting will start at 14 hours local time (13:30 GMT).
Until 2012, Iran exported about 2.5 million daily barrels. oil. After the introduction of sanctions these volumes fell to 1.1 million barrels. a day. According to Reuters, in December, the level of oil production in Iran amounted to 2.9 million barrels./day.