Iran’s participation in Doha oil meeting under question
Baku, Azerbaijan, Apr. 13
By Fatih Karimov - Trend:
Iranian Oil Minister Bijan Namdar Zanganeh hasn't decided yet whether he will attend the Doha meeting of leading global oil producers regarding the freeze of the production, the country's oil ministry said.
It is not clear if the minister will attend at the event or not, Jafar Pourfarjoudi, spokesperson of Iran's Oil Ministry, told Trend April 13.
The Organization of the Petroleum Exporting Countries (OPEC) members and non-OPEC oil producers are expected to discuss freezing oil output to curb oversupplies on April 17, in the Qatari capital of Doha.
In February, the energy ministers of Saudi Arabia, Qatar, Venezuela, and Russia discussed the current oil market situation in Doha and agreed to freeze oil production at January levels if other countries followed suit, in a bid to keep the oil prices from falling further.
Iran has previously announced that it will not join the oil output freeze plan.
Zanganeh said in early April that he may participate in the talks with fellow OPEC members and Russia in Doha without joining their proposal to freeze the crude oil production.
The minister was quoted as saying that he will participate in the Doha meeting if he "has time."
Zanganeh earlier said Iran is ready to join other oil producers on the output freeze issue after its own production reaches the level of 4 million barrels per day.
Oil prices saw major declines from $115 per barrel in mid-2014 to $41.54 per barrel for WTI Crude and $44.24 per barrel for Brent as of April 13.