Baku, Azerbaijan, Feb. 17
By Emil Ilgar - Trend:
A day after hosting Russia and Saudi Arabia in Doha, Qatar's Oil Minister Mohammed Saleh Abdulla Al Sada traveled to Tehran to join his Iraqi, Venezuelan and Iranian counterparts' meeting.
Qatari oil minister arrived in Tehran to joint the meeting of oil ministers, Shana news agency reported.
Four ministers started the meeting on Feb.17.
As Russia and OPEC's major producer Saudi Arabia agreed to freeze oil production at the January levels during the Doha meeting, Iran has announced that it wouldn't abandon its oil output growth strategy.
"Iran will never ignore its share in global oil markets," Shana news agency quoted Oil Minister Bijan Namdar Zanganeh as saying Feb. 16.
"The first important thing is that the glut in markets should be removed and the second is that Iran will never refuse to get its share in the market," he said.
Iran was exporting 2.2 million barrels per day of crude oil in 2011, but the volume plunged to around 1 million barrels per day after sanctions.
The country increased the figure to about 1.4 million barrels per day in January this year and has planed to boost the volume to 2 million barrels per day after March.
Iran says it will increase the oil output by 0.5 million barrels per day in H1 2016, and add the same volume to production level by the end of the current year.