Iran: Saudi Arabia not ready to decrease output

October 21, 2015 by · Comments Off on Iran: Saudi Arabia not ready to decrease output 

TEHRAN, Oct. 19 — Iran's representative to OPEC and head of the Energy Associations Affairs Department at Ministry of Petroleum, Mehdi Asali said on Sunday that Saudi Arabia has announced its conditional decrease in oil production, claiming that it will do so only if Russia follows suit. However, Moscow has announced that due to the existing technical problems with the wells in Siberia it is unable to cut production levels.

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Saudi Arabia will decrease oil production only if Russia does

October 19, 2015 by · Comments Off on Saudi Arabia will decrease oil production only if Russia does 

MOSCOW, Oct. 19 — Riyadh will decrease its oil production only if Russia cuts output, Iranian representative to OPEC said Sunday.

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