Wednesday, February 17, 2016

Negotiations on oil in Tehran ended without announcement of the results – RBC

Photo: AP

In Tehran concluded negotiations OPEC President with the representatives of Iran and Iraq over the limit oil production. Official statements on the results has not yet followed. Iranian Oil Minister made later

The meeting in Tehran, at which the representatives of Qatar and Venezuela were tortured to persuade Iran and Iraq to accede to the freezing of oil production agreement ended, according to The Wall Street Journal referring to informed sources. According to them, an official statement on the results of negotiations followed, but later expected to address the Iranian Oil Minister Bijan Zanganeha explaining the position of the country.

The Minister of Qatar Energy and OPEC President Mohammed al-Sada after the meeting expressed the hope that Iran join the agreement to limit the production, say WSJ sources.

The financial blog Zero Hedge in his Twitter said that Zanganeh said he supported the initiative to freeze the oil, but Iran will not limit its production.

«RIA Novosti”, citing a source close to the talks in Tehran, reports that Iran has agreed to freeze the production.

Bloomberg agency with reference to the Iranian news agency “Shana” oil information transferred that Zanganeh after the meeting expressed support for freezing, but did not specify whether Iran to limit production measures will take.

Russia, Saudi Arabia, Qatar and Venezuela said on Tuesday its readiness to freeze production at the January level of oil, if it is a decision support other exporters. Iran’s representative to OPEC Mehdi Asali said Wednesday before the talks that his country is not going to limit the production, until it returns to the level that she had before sanctions were imposed in 2012.

The price of Brent crude oil 18:00 MSK rose to $ 32.94 / bbl. to $ 34.09 / bbl. Today, April futures traded in the range of $ 31.83 / bbl. to $ 34.28 / bbl. pending the outcome of the talks in Tehran. The rise in prices in comparison with the closing up 5.95%.

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