Iran is confident that Russia will reduce oil production in the case of agreement of OPEC

В Иране уверенны, что Россия сократит добычу нефти в случае соглашения ОПЕК

The Minister of oil of Iran Bijan Zanganeh said that Russia agrees to cut oil production in case of reaching an appropriate agreement of OPEC.

“Yes, they (the Russians — ed.) agreed to reduce production and to reduce after the decision here,” said Zanganeh told reporters.

As previously reported on Wednesday, RIA Novosti in the press service of the Ministry of energy of the Russian Federation, Russia is waiting for the final decision of the OPEC on the issue of the limits of oil production and then announce its position.

In Vienna on 30 November, is the official OPEC meeting, where the organization can finally resolve the issue of restrictions on its level of oil production. In late September, the cartel’s informal meeting in Algeria agreed on a restriction of output in the range of 32.5-33 million barrels of oil per day, but on specific limits for each of the countries of the organization while there is no agreement.