Iranian Oil Minister Bijan Zanganeh: Iran would not agree to freeze its oil production at January levels

Market news

16 February 2016

Iranian Oil Minister Bijan Zanganeh: Iran would not agree to freeze its oil production at January levels

Iranian Oil Minister Bijan Zanganeh said on Tuesday that the country would not agree to freeze its oil production at January levels, adding that Iran would not give up its share of the global oil market.

"Iran will not relinquish over its market share," he said.

Iran announced on Sunday that it boosted its oil output by 400,000 barrels per day.

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