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Iran not ready to even ‘symbolic’ production cut within OPEC+ framework — delegate

A representative of the Iranian delegation said on the sidelines of the OPEC meeting in Vienna that Iran will not agree to even a ‘symbolic’ oil production cut within OPEC+ framework

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Iran will not cut oil output until sanctions are lifted — minister

VIENNA, December 7. /TASS/. Iran will not agree to even a ‘symbolic’ oil production cut within OPEC+ framework and demands an exception, a representative of the Iranian delegation told reporters on the sidelines of the OPEC meeting in Vienna.

"Iran does not agree on cuts. Symbolic or not symbolic, no matter. Only exception," the delegate said.

The OPEC meeting started at 13.00 Moscow time has not yet ended, he added.

OPEC and Russia seek to obtain Iran’s consent to at least symbolic oil production cut during talks, Bloomberg reported earlier, citing its sources. Iran is under US sanctions limiting its oil export from November of this year.

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