Iran urges OPEC and non-OPEC members to accept its return to oil market

  • Reuters, Dubai
  • Updated: Apr 17, 2016 23:01 IST
A speed boat passes by oil docks at the port of Kalantari in the city of Chabahar, east of the Strait of Hormuz in this January 17, 2012 file photo. (REUTERS)

Iran said it would boycott Sunday’s meeting between OPEC and non-OPEC member countries in Qatar as it did not agree with a plan to freeze oil production at the January level.

“We have told some OPEC and non-OPEC members like Russia that they should accept the reality of Iran’s return to the oil market. If Iran freezes its oil production at the February level, it means it cannot benefit from the lifting of sanctions,” Oil Minister Bijan Namdar Zanganeh was quoted as saying by the oil ministry’s news agency SHANA.

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