Sunday, March 13, 2016

Russian Energy Minister Alexander Novak will hold talks in Tehran – TASS

MOSCOW, March 14. / Corr. Tsarina Elizabeth TASS /. The head of the Russian Ministry of Energy Alexander Novak on Monday plans to hold talks in the capital of the Islamic Republic of Iran (IRI) – Tehran. Working visit scheduled including for the preparation for the meeting of the Russian-Iranian intergovernmental commission, co-chaired by the head of the Russian authorities.

Earlier, the Minister informed that during the next visit to Tehran is planning to discuss with Iran specialized ministers of trade and economic matters cooperation and joint projects in the energy sector and the oil and gas industry.

Novak including planned to meet with the Minister of oil of Iran Namdar Zanganeh Bijanov, however, according to the Russian minister, subject to stabilize oil production was not planned to raise during the visit. The head of the Russian department believes that the issue of Iran’s participation in the stabilization of production requires an individual approach.

In mid-February of this year in Doha, Qatar, the oil ministers of Saudi Arabia, Qatar, Venezuela, OPEC and Russian Energy Minister Alexander Novak held talks on improving the price situation on the oil market.

The sides expressed willingness to maintain an average in 2016 at the level of January, the oil if the other oil-producing countries will join this initiative. on February 17 in Tehran held talks Iran’s oil minister, Venezuela, Iraq and Qatar, which, in turn, discussed the possibility of “freezing” the level of oil production. Following the talks, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran will support any initiative to improve the situation with oil prices.

After the lifting of the sanctions the country seeks to restore its market share and expects the country OPEC and other major manufacturers will offer a special program to increase production and exports.

a few days ago, while visiting the construction site of a new oil refinery in the port city of Bandar Abbas, Zanganeh said that Iran would discuss with the largest oil producers freezing their production only when its level in the country will reach 4 million barrels per day.

According to him, until, until the country has reached this level of production, and other oil-producing countries should leave Iran alone.

Iranian officials have repeatedly stated that they will not be subjected to sanctions after out from under them. By April of this year in the plans of the Islamic Republic was to increase oil production from 2.8 million barrels to 3.6 million barrels per day compared to the previous year. By the end of March 2016, Iran hoped that the oil exports of Iran will reach 2 million barrels per day.

Iranian Oil Minister also informed that the oil policy of the country will be discussed during the Tehran talks with Russian Energy Minister Alexander Novak in the Monday, March 14.

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