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Question of Iran, Iraq production cuts deferred to ministers: delegates

Published Wed, Nov 23, 2016 · 09:50 PM

London

OPEC (Organization of the Petroleum Exporting Countries) talks in Vienna on Tuesday didn't resolve whether Iraq and Iran will join any production cuts, instead deferring the crucial matter to ministers who will meet on Nov 30, said two delegates.

While Libya's Opec governor Mohamed Oun said that the meeting ended with a consensus that will be presented to ministers, he declined to comment on whether the group's second and third-largest members are willing to limit output.

The continuing questions around Iranian and Iraqi production don't make a deal impossible next week, the delegates said, asking not to be named because the talks are private. However, the lack of agreement on Tuesday leaves open the possibility the group fails to implement the cuts first outlined…

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