Iran signals tough stance in oil producers' talks

February 17, 2016 7:34 AM

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Iran signals tough stance in oil producers' talks

ANKARA/DUBAI Iran signaled on Wednesday it would take a tough line in talks among oil producers on restraining production, saying it would continue increasing its output until it reached levels seen before international sanctions were imposed.

"Asking Iran to freeze its oil production level is illogical ... when Iran was under sanctions, some countries raised their output and they caused the drop in oil prices." Iran's OPEC envoy, Mehdi Asali, was quoted as saying by the Shargh daily newspaper.

Also read: Shell Expected to Sign Iran Oil Deal Despite Uncertainty Over Trump

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