Iran says supports Doha decision on oil output "ceiling" - Shana

Reuters

17 February 2016 at 10:45 am

Iran's Oil Minister Bijan Zanganeh attends an extraordinary ministerial meeting of the Gas Exporting Countries Forum (GECF) in Tehran November 21, 2015. REUTERS/Raheb Homavandi/TIMA/Files

DUBAI (Reuters) - Iran supports the decision by OPEC and non-OPEC oil producers to keep a "ceiling" on oil production, Iranian Oil Minister Bijan Zanganeh said on Wednesday, quoted by the ministry's official Shana news agency. "The decision that was taken for the OPEC and non-OPEC members to keep their production ceiling to stabilise the market and prices for the benefit of producers and consumers, is supported by us,” he said. He was speaking after he met his counterparts from three other producing nations - Iraq, Venezuela and Qatar - to discuss a proposal to freeze output at January levels. Zanganeh did not explicitly say in his remarks quoted by Shana that Iran would keep its own output at its January level. (Reporting by Bozorghmehr Saharefedin and Rania El Gamal; Writing by Andrew Torchia)

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