Iran rejects oil freeze call as ‘joke’

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Tehran:- Iran on Tuesday vehemently rejected any possibility that it will stop increasing its oil production with the country’s oil minister Bijan Zangeneh mocking any request on Tehran to that effect as “a joke”.

“Some countries that are producing above 10 million barrels per day (bpd) have called on Iran to freeze its production at one million bpd,” Zangeneh said in what appears to be a reference to Saudi Arabia. 

“This is more like a joke that they tell us they would freeze their production above 10 million bpd and that we should also in turn freeze our production at one million bpd,” he said in a speech to an expert energy panel in Tehran.  

The Iranian minister made the comment in reaction to a plan that has reportedly been raised by the Saudi Oil Minister Ali al-Naimi.  

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