Oman with Iran on production cap
Oman Omani Minister of Oil and Gas Mohammed bin Hamad bin Saif Al Rumhy
“Given the damage Iran’s oil exports have suffered as a result of Western sanctions, the country can be exempted from a possible <a href=’https://theenergyyear.com/companies-institutions/opec/’>OPEC agreement on freezing production,” Al Rumhy said.
The Iranian minister of petroleum on Tuesday spoke harsh words, calling the idea freeze oil output “a joke.” His sentiment was echoed by his Iraqi counterpart Adel Abdul Al Mahdi. Commenting from Tokyo on Wednesday, Al Mahdi dismissed the plan as being “ridiculous,” pointing to the need for a “complete agreement.”
According to Iran’s sixth five-year development plan disclosed by Iranian Minister of Petroleum Bijan Namdar Zangeneh, the country is targeting 4.6 million bopd by 2021.
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