Iran has no plans to freeze oil exports, official says ahead of OPEC meeting

According to Iran’s Deputy Oil Minister Rokneddin Javadi, the country had no plans to freeze its output as the country tried to raise its crude exports to pre-sanctions levels.
 

According to Mr. Javadi, Iran’s current crude oil exports, excluding gas condensates touched 2m barrels per day (bpd) and that its crude oil export capacity would reach 2.2m barrels by the middle of summer.

Separately, a meeting between OPEC and non-OPEC producers would take place on 2 June 2016 to plan on freezing output to shore up crude oil prices.

Source: Reuters

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