Long-Presse / Baghdad
Said Iranian Oil Minister Beijing Zangana, on Thursday, expressed his country’s agreement to freeze oil production at rates last January, after the quartet meeting, which was hosted by Tehran, on Wednesday, which included ministers of Venezuela, Iraq and Qatar Petroleum, and as he emphasized that this is the first step and there other similar steps to improve the current situation in the market, international oil bourse index recorded a rise of Brent crude up to $ 35.
It is noteworthy that Saudi Arabia and Russia, we announced, the first on Tuesday, (the 16th of February, the current 2016), their agreement to freeze the oil produced at the borders of January 2016 rates, and showed that the agreement has been approved by Venezuela and Qatar, as stipulated Moscow’s approval of the other producers it, experts possibility questioned the commitment of states, “There have been no recent increase in production,” such as Iraq and Iran, he even agreed to it.
He said Iranian Oil Minister Beijing Zangana during a press conference I followed (range Press), “The quartet meeting, which was hosted by Tehran, on Wednesday, which included ministers of Venezuela, Iraq and Qatar Petroleum on ways to support oil prices, has ended the agreement of the oil-producing countries of OPEC and non-OPEC to maintain the current production ceiling rates, to help achieve stability in the market and support oil prices. “
Zangana said, “Iran has provided support to solve this problem,” stressing that “this is the first step and that there are other similar steps to improve the current situation in the market in cooperation between OPEC members and producers outside OPEC.”
He said Iran’s oil minister, said: “The meeting also included, agree on the need to find a mechanism to monitor market conditions and volatility.”
For his part, location (The week) followed the news in the news (range Press), “The Brent crude index rose today to $ 35, after it was around $ 32 on Tuesday.”
He attributed the news website, rise to the “sudden approval of Iran on a proposed freeze on production rates at rates of the month in January, which is called for by Saudi Arabia and Russia in a bid to boost oil prices.”
Iran was announced on Wednesday (February 17, 2016), rejected a proposal to freeze oil production, while blamed Saudi Arabia and other major producers, is responsible for the decline Price, promised that members of the quadripartite agreement can achieve stability in the market if they agreed to reduce their production up to two million barrels per day .
The site MarketWatch Market Watch US economic news, announced the news to him on Wednesday, he followed (the long-Presse), falling crude oil sales in the Asian market indicators compared to the gains achieved earlier, attributing this to the increasing likelihood of Iran’s refusal to freeze its production ceiling is blocking the deal “unconditional,” which reached him Russia, Saudi Arabia, Qatar and Venezuela.
A source in the Ministry of Oil of Iran, announced earlier on Wednesday, the start of ministers of four countries meeting of the top producers in the Organization of Petroleum Exporting Countries (OPEC), in Tehran, to discuss a proposal to freeze production to support price levels, noting that Iranian Oil Minister Bijan Zanganeh , he met with his counterparts Venezuelan Aaolockheo del Pino and Iraqi Adel Abdel Mahdi and Mohamed bin Saleh Al-Sada, without the announcement of a specific agenda for the meeting, or schedule has been completed.
The world oil prices have fallen more than 70% compared to the last 2014 Summer, none of the more than one hundred dollars to less than 30 a barrel, resulting in damage to the economies of countries that rely on “black gold” as the sole source of income, including Iraq.