Reuters learned of a possible agreement to freeze Iran’s level of oil production

According to sources Reuters in the oil industry, Iran “signals” of intent to support the joint action of the countries-exporters of oil recovery market. Including Tehran could support an agreement to freeze production levels of oil, which OPEC expects to achieve at the meeting in September of this year.

Although Iran is still not conclusively decided whether to support these efforts, probably, Tehran is increasingly inclined to reach an understanding with other oil producers, Agency sources said.

On last series of visits to oil-producing countries, including Saudi Arabia and Iran have caused oil Minister of Venezuela, Eulochio del Pino. According to Reuters, the Minister tried to win the support of the OPEC deal to freeze production levels.

“In the near future Iran will reach the level of oil production, which has been in the country before the imposition of sanctions, and then he will be able to cooperate,” explained Reuters, a source familiar with the arguments of Tehran after a visit to the Venezuelan Minister.

“In General, Iran prefers to OPEC was more than just the freezing of production of all countries-participants of the organization at the highest level. If the freezing of the production level has a positive impact on prices, Iran will contribute to this” — said the source Reuters.

According to the source Agency in the industry familiar with the discussions in Riyadh and Tehran, the negotiations on the possible freezing of the production level are ongoing. “I see positive signs emanating from major OPEC members,” he says.

“[Not included in OPEC] Russia wants to see the agreement of OPEC before taking anything. So [OPEC members] are busy with the elaboration of an agreement,” says Reuters

In the spring of 2016, the idea of limiting the volume of oil production with the aim of increasing oil prices was discussed at the talks in Doha, Qatar, the representatives of OPEC and countries outside the organization, however, the agreement then the parties failed.

Against the deal were Iran refused to freeze the prey just at the moment when local oil companies have only started to increase after the lifting of Western sanctions.

As noted by The Wall Street Journal, from April, the volume of daily oil production in Iran increased by about 180 thousand bbl., up to about 3.6 million barrels. Earlier, Iranian officials said would be willing to discuss freezing after the oil production in the country will reach the level of 4-4,2 million barrels. a day.

That the OPEC members can meet to discuss ideas about the freezing of the level of oil production in September this year, in the beginning agut told the WSJ. Based on the news in recent weeks, oil prices increased in comparison with indicators of August 2, more than 20%. 23 August Brent traded near $50 a barrel.