Media named the cause of the delay of the Doha negotiations – RBC

Negotiations on the level of oil production frozen in Doha delayed because of the agreement, which concerns Iran. According to Bloomberg data, they begin with the five-hour delay

Bloomberg Source Agency said that the changes that are going to make to the draft agreement relating to Iran and “do not jeopardize the agreement itself.” In this case the source said Bloomberg that negotiations will begin at 14:00 local time (same as Moscow).

The fact that the negotiations have a problem, according to sources and Reuters. “There is a problem, experts discuss how to find it acceptable solution. I’m sure they’ll find him, “- said one of the interlocutors of the agency. Another source told Reuters that Saudi Arabia wants the negotiations attended by all OPEC members, including Iran.

The talks were to begin at the Sheraton Hotel in Doha at 9:00 am, but were then transferred. They involve representatives of 17 countries (all OPEC members except Iran and Libya, as well as Russia, Azerbaijan, Kazakhstan, Oman, Colombia, and Mexico). On the eve of the summit, reporters learned that a draft agreement involves freezing oil production until October 1, at the level of January 2016. The agreement also involves a new meeting dedicated to the level of oil production -. It is scheduled for October 2016 in Russia

On the eve of the talks, Tehran ruled out the possibility of freezing oil. The Islamic Republic plans to increase production volume to a level that was before the introduction of international sanctions against Iran – 4 million barrels per day (current oil production in Iran is 3.29 million barrels per day). The Saudis, in turn, have repeatedly stressed that will be used to freeze oil production only if similar steps Iran will take.

 On the delay in the start of the Doha reacted negatively Tadawul – its index Tadawul All Share TASI Index for the morning fell to 6516 points to 6441 points.