Baku, Azerbaijan, May 16
By Anakhanum Idayatova - Trend:
Iran is quickly boosting its oil output in order to position itself for the next OPEC meeting, which is likely to be unsuccessful, Theodore Karasik, the Middle East analyst and senior advisor to Gulf State Analytics,Washington DC, told Trend May 16.
Thus, Tehran is continuing to push its oil exports in term of new realities of the market share, he said.
The issue to freeze oil production can be raised again at the OPEC meeting in Vienna in June, and if the OPEC members reach an agreement, the oil producing states that aren't members to the organization may join the talks.
Oil producing countries failed to agree to freeze the output to stabilize the market at the previous meeting in Doha April 17.
Oil production in Iran has reached the levels seen before the imposition of economic sanctions, according to a report of the International Energy Agency.
In April, the oil output in Iran was 3.56 million barrels per day, said the report. This is the highest level since November 2011.
At the same time, oil exports reached two million barrels per day.
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