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Iran urges oil producers to keep discussing freeze

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Reuters DUBAI
Last Updated : Apr 18 2016 | 4:43 PM IST

DUBAI (Reuters) - Iran urged other oil producers on Monday to continue talks on an output freeze to prop up crude prices, but insisted it was justified in not freezing its own output.

Iranian OPEC Governor Hossein ?Kazempour Ardebilli was speaking to his oil ministry's Shana news agency after talks on Sunday between producers in Doha collapsed when Saudi Arabia demanded that Iran join a freeze. Iranian representatives were not present at the talks.

"We support cooperation between OPEC and non-OPEC member countries and efforts to bring stability to the oil market, and we urge all producers to continue their negotiations," Ardebilli said.

But he also said Iran had made it clear that it wanted to regain its share of the oil market lost when it was hit by economic sanctions, and that "its position is supported by most OPEC and non-OPEC members around the world".

(Reporting by Bozorgmehr Sharafedin; Writing by Andrew Torchia)

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First Published: Apr 18 2016 | 4:24 PM IST

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