Zebari from London to freeze oil production plan acceptable to Iraq

Tuesday, March 15, 2016 - 8:51

Finance Minister Hoshiyar Zebari said on Monday that Iraq tends to acceptance of a global agreement to freeze oil production in order to raise crude prices. He said Zebari told Reuters by telephone from London, which is subject to the treatment, that "the idea of ​​freezing production I think it is acceptable to all parties and even for us." "Everyone is suffering from the decline in oil prices." Zebari declined to discuss the idea put forward by Russian Energy Minister Alexander Novak except for Iran to freeze production agreement. It was Novak said, speaking from Tehran that the global agreement to freeze oil production could be signed in April, with the exception of Iran, which he said he is entitled to boost output after years of sanctions.