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Minister says Iran does not hold oil production cut talks

OPEC continues implementation of decisions made at the meeting in Algeria, Iranian oil minister said responding to numerous questions regarding the tomorrow’s meeting

© AP Photo/Hasan Jamali

VIENNA, November 29. /TASS/. Iran will not cut oil production and no negotiations are held about that, Oil Minister of Iran Bijan Namdar Zanganeh told reporters on Tuesday.

"No, no. We have no discussion about that," the minister said responding to TASS question whether Iran is going to cut oil production. " There are not any negotiations about Iran’s reduction," he added.

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OPEC suggests non-member states cut oil production by 500,000 barrels a day

The minister did not answer other questions of reports regarding his expectations of the meeting. The OPEC continues implementation of decisions made at the meeting in Algeria, he said responding to numerous questions regarding the tomorrow’s meeting.

Journalists met the minister near a hotel in Vienna downtown. The press broke an expensive vase when accompanying Zanganeh to the hotel. The hotel administration called the police later and asked all reporters to leave the building.

During an informal meeting at the 15th International Energy Forum in Algeria on September 28, the OPEC member-countries reached an agreement on limiting oil production to 32.5-33.0 million barrels per day. The parties have not agreed on specific limits for every country yet. The final decision on the agreement is to be approved at the official meeting of OPEC in Vienna on November 30.

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