29 November 2016 - 18:08
  • News Code: 273666
Iran Bound to Level of Production Decided in Algeria

TEHRAN, Nov. 29 (Shana) – Minister of Petroleum Bijan Zangeneh said Islamic Republic is bound to the level of oil production decided in Algeria extraordinary session held in September.

He made the remarks upon arrival to his hotel in Vienna.

"We continue to implement what we agreed in Algeria for reduction of level of production," Bijan Zanganeh told reporters when asked whether Iran would cut output in tandem with other members of the Organization of the Petroleum Exporting Countries.

Zangeneh departed Tehran for Vienna on November 29 (Tuesday) to attend the 171st ordinary session of the Organization of Petroleum Exporting Countries (OPEC) on November 30.

The 171st OPEC session will be held in its permanent headquarters in the Austrian capital.

During its extraordinary session in Algeria on September 28, OPEC members decided to fix its production at the level of 32,500,000 bpd.

News Code 273666

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