Iran regarded the request of trump to Riyadh as a proposal to withdraw from OPEC

© AP Photo / Hasan JamaliНефтяной the machine-rocking. Archival photoIran regarded the request of trump to Riyadh as a proposal to withdraw from OPEC© AP Photo / Hasan Jamali

Iran considers the request of the President of the United States Donald trump to Saudi Arabia about increasing oil production as a suggestion to Riyadh to get out of OPEC, said Iran’s representative to OPEC, Hossein Kazempour Ardebili.

The US President Donald trump has previously said on Twitter that the king of Saudi Arabia Salman bin Abdul Aziz al Saud, during a telephone conversation agreed with the proposal to increase oil production to two million barrels.

«Aside the fact that Saudi Arabia does not have the capacity to increase production of crude oil, this requirement could be interpreted as an order to Kingdom to withdraw from OPEC», — quotes the words Ardebili Agency Shana.

OPEC and several non-organisation countries (OPEC+) agreed in late 2016 in Vienna on the reduction of oil production to 1.8 million barrels per day from the level of October 2016, of which 300 thousand are in Russia. The deal started from the beginning of 2017 and was extended twice, most recently until the end of 2018.

OPEC+ 23 June this year agreed on a target to get away from the over-fulfillment of the transaction. As said the energy Ministers of Russia and Saudi Arabia, in practice, this would mean increasing production by 1 million barrels per day, including Russia 200 thousand. 22 Jun trump in his Twitter urged the OPEC countries to significantly increase oil production to curb prices.

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