International Edition

Saturday

December, 3, 2016

Breaking News, World News and Taiwan News.
About Us
Subscribe
Advertise
Contact Us

OPEC agreement a small step forward: Iran

TEHRAN -- Iran's deputy oil minister had said that a preliminary agreement by Organization of Petroleum Exporting Countries (OPE) member nations to limit oil output to between 32.5 million and 33 million barrels per day is a "small step, but in the right direction."

Amir Hossein Zamaninia spoke Monday in Tehran, after OPEC reached the deal in late September.

The limit is meant to reduce a global glut that has depressed oil prices for over two years.

Iran had resisted cutting production. It's trying to restore its oil industry since emerging from international sanctions over its nuclear program earlier this year.

Zamaninia said that Iran's oil output was 3.85 million barrels per day.

Iran has said previously it would only consider a possible ceiling on output after it reaches 4 million barrels per day, its pre-sanctions level.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
MOST POPULAR
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search