Reuters: Iran, Venezuela and Libya want to exclude from the transaction OPEC+

Reuters: Иран, Венесуэлу и Ливию хотят исключить из сделки ОПЕК+

Iran is the main obstacle to a deal on the reduction of oil production.

Iran, Venezuela and Libya likely to be excluded from the agreement of the Organization of countries-exporters of oil and partners (OPEC+) reduction of oil production. About it reports Reuters, citing its own sources, on Friday, December 7.

It is noted that Iran is the main obstacle to a deal on the reduction of oil production, due to the fact that the leader of Saudi Arabia has not yet agreed to concessions to fall under the sanctions of Tehran.

OPEC and its allies can reduce production by 1 million barrels a day, if Russia will provide 150 thousand barrels per day from this reduction. If Russia has contributed to about 250 thousand barrels per day, the total cuts could exceed 1.3 million barrels per day.

On the eve of the OPEC has not reached a preliminary agreement on the reduction of oil production.

 

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