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Wednesday, 24 August 2016

Iran says it hasn’t decided on attending Opec talks in Algiers | GulfNews.com

Iran says it hasn’t decided on attending Opec talks in Algiers | GulfNews.com:

"Iran says it still hasn’t decided whether it will attend informal Opec (Organisation of Petroleum Exporting Countries) talks in Algiers next month, two weeks after the group announced plans to meet.
Iran might delay making a decision until the day before the gathering, a spokesman for the country’s Oil Ministry said, asking not to be identified. Two Opec delegates, who also asked not to be identified discussing a private matter, said Iran has written to fellow members confirming it will participate.
The talks, due to take place during an industry conference on September 26 to 28, have fanned speculation the Opec could revive an accord to freeze production with non-members such as Russia. A similar initiative collapsed in April after Saudi Arabia insisted on the participation of Iran, which refused as it was restoring output previously curbed by sanctions."



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