Iran Sees OPEC Keeping Output Cap Unchanged at Next Meeting
- Iran plans to add 1 million barrels a day after sanctions
- Zanganeh says OPEC likely to leave output limit unchanged
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OPEC should make room for increased Iranian crude production within its ceiling of 30 million barrels a day, the nation’s oil minister said, adding the group will probably leave that limit unchanged when it meets next month.
Iran has asked OPEC to accommodate its return to previous production levels when international sanctions are lifted, Bijan Namdar Zanganeh told reporters in Tehran. Iran plans to add 1 million barrels a day within five to six months of the curbs being removed and that increase should be within OPEC’s production ceiling, Amir Hossein Zamaninia, deputy minister for commerce & international affairs, said in Tehran on Saturday.