“Iran also supports this decision (to extend an agreement on oil production — editor’s note). If other countries will support it, so will do Iran as well,” Zanganeh was quoted by ISNA agency.
At a meeting on November 30, last year, OPEC agreed to cut its production by 1.2 million barrels per day from October level. On December 10, eleven non-OPEC countries, concurred to reduce its production by a total of 558 thousand barrels per day, including Russia — by 300 thousand barrels. The agreement was concluded for the first half of 2017 with a possibility of extension.