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TEHRAN, December 08 - Iran exempted from the OPEC member deal to cut oil production of 1,200,000 barrels per day.
TEHRAN, Young Journalists Club (YJC) - The 14-member OPEC in its 175th session in Vienna, Austria on Friday, agreed on OPEC members' cutting their supply by 800,000 barrels and the non-OPEC members by 400,000 barrels per day, (1,200,000) barrels in combination.
Iranian Oil Minister prior to the OPEC session had said that the 1.3 to 2.4 million output cut is on the table and there will be more discussions on the figures.
Bijan Zangeneh said earlier that Tehran has no problem with OPEC output cut but will not join any decision as long as sanctions against Iran are not totally eliminated.
Source: Iran Press
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