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2016-10-25 18:50:00

IRAN READY TO FREEZE

ИРАН ГОТОВ ЗАМОРОЗИТЬ

 

IRAN OIL PRODUCTION 2011 - 2017

 

Talking to IRNA, Deputy Minister of Petroleum Amir Hossein Zamaninia said the oil price range of 55-60 dollars per barrel is fair and suitable for bringing stability in the market.

Commenting on the recent OPEC summit held in Algeria, he expressed hope that the decisions made in the meeting could become operational in November and a proper balance could be created between the interests of oil producers and consumers.

Citing oil price range of 55-60 dollars per barrel as reasonable, Zamaninia anticipated that the mentioned price could be reached in 2017 in the international oil market.

In Sept 2016, Minister of Petroleum Bijan Zangeneh said Iran supports the role of OPEC in oil market, saying that some people have weakened OPEC and downgraded it just to an assembly in the past two years.

The minister said that OPEC should create sustainable income and maximize the income of its members, but the international body has lost its function in the past two years.

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Earlier: 

IRANIAN OIL TO ASIA: 62% 

IRAN & RUSSIA: AREN'T RIVALS 

IRAN WANTS 4 MBD 

SAUDI - IRAN COMPROMISE 

IRAN SUPPORTS PRICE $50 - $60

 

 

Tags: IRAN, OIL, PRODUCTION, ИРАН, НЕФТЬ, ДОБЫЧА

Chronicle:

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REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

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RUSSIAN-TURKISH NUCLEAR

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