Iran supports oil freeze, but wants its market share
Iran supports any action by oil producers aimed at market balance, but Iran has the right to continue reviving its share on the international oil markets, the country's Oil Minister Bijan Namdar Zanganeh said Aug.26. "When the glut in the market started, Iran's output and exports were roughly at 2.7 million barrels per day (mb/d), and those who disrupted the market balance with increasing their output should take responsibility and cut the production," Shana quoted him as saying. Iran was producing more than 3.8 mb/d during the ...
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