Iran’s OilMin: Oil price of $ 60-70 acceptable to most OPEC members

Reuters reports the following comments by the Iranian Oil Minister, as he speaks on the sidelines of the OPEC meeting.

Iran will stay in OPEC will not join any deal to cut output until sanctions are lifted oil market surplus is at least 1.3 mln bpd.

Pricing oil in Euros is not on our agenda.

Kirkuk oil production at 400,000 bpd.

Oil price of $ 60-70 acceptable to most OPEC members.

Russia will contribute to cut, the question is about the timing.