Moscow welcomes reform of UN’s anti-terrorism activities — LavrovRussian Politics & Diplomacy September 22, 3:53
NATO seeking to revive cold war-era climate — LavrovRussian Politics & Diplomacy September 22, 3:51
Situation in Syria gives grounds for cautious optimism — LavrovWorld September 22, 1:24
NATO secretary general comments on Russian military drillsWorld September 21, 21:34
NATO secretary general hails idea of deploying UN force in UkraineWorld September 21, 21:29
Russia ready to discuss alternative resolutions on UN mission to DonbassRussian Politics & Diplomacy September 21, 20:18
UN approves probe into Islamic State crimes in IraqWorld September 21, 20:10
Russia’s Alrosa mined all-time largest pink diamond in its historyBusiness & Economy September 21, 20:07
Russia submits Zvyagintsev’s film Loveless for OscarsSociety & Culture September 21, 19:16
VIENNA, November 30. /TASS/. OPEC is not considering the option of freezing crude oil production, but it is considering other options of output regulation, Iran’s Oil Minister Bijan Namdar Zanganeh said Wednesday.
"It is not the natural freeze, we have another framework," he said when asked for which period of time OPEC can freeze crude production.
According to Zanganeh, the cartel is close to reaching a consensus, and it needs the participation of non-OPEC members to finalize the decision and stabilize the market.
In the framework of OPEC meeting, oil ministers of oil-producing nations might adopt an agreement to reduce oil production. Preliminary agreements on the issue were reached in late September in Algeria.