PARIS – A senior energy official says Iran won't consider a production freeze until it reaches its pre-sanctions level of output of 4.2 million barrels a day.
Mehdi Hosseini, who heads the oil contracts revision committee at Iran's Petroleum Ministry, said a freeze at anything less than that would be a continuation of the sanctions imposed on his country as a result of its disputed nuclear program.
The statement is in line with Iran's previous statements on the issue and comes after the country stayed away from a global producers' meeting last weekend on whether to freeze production.
Hosseini said: "Our pre-sanction production was something around 4.2 (million barrels per day) ... therefore any other figure less than that it means another sanction against ourselves. It is something we cannot accept."
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