Tehran refuses to join freeze until Iranian oil production hits 4m bpd

Bijan Namdar Zangeneh Oil Minister Iran

Bijan Namdar Zangeneh Oil Minister Iran

Iranian oil production: Iran will not consider joining Russia and Saudi Arabia in their plans to put a cap on oil production until the country’s output reaches four million barrels a day, its Minister of Petroleum Bijan Zangeneh said over the weekend. “I have already announced my view regarding the oil freeze and I’m saying now, that as long as we have not reached four million (barrels per day) in production, they should leave us alone,” he said on the eve of Russian Energy Minister Alexander Novak’s visit to Tehran. “When we reach this level of production, then we can cooperate with them….
“In the past month of Bahman [the eleventh and penultimate month of the Iranian calendar that ended in February] we managed to export 1.75 million bpd of crude but this figure will reach 2 million bpd in the [current] month of Esfand.”
Zangeneh also confirmed that talks between the National Iranian Oil Company (NIOC) and General Electric over the US companies plans to get involved with the development of Iran’s energy sector had been positive. “In general, we have no problem with the presence of American companies in Iran. But it is the American government which is creating restrictions for these companies.”

Source: presstv