Question of Iran, Iraq production cuts deferred to ministers: delegates
Thu, Nov 24, 2016 - 5:50 AM
On top of the pending Iran and Iraq issue, securing cooperation from non-members including Russia has emerged as a mounting concern among some Opec countries, said one delegate. Saudi Arabia and its allies in the 14-nation group want Russia to cut output rather than freeze it, the delegate said.
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.