March 5, 2020 / 10:58 AM / a month ago

Iran oil minister says size of OPEC+ oil output cut not agreed on yet

FILE PHOTO: A group of journalists gather around Iranian Oil Minister Bijan Zanganeh as he arrives at the Palais Hansen Kempinski hotel to attend meetings of OPEC to discuss oil production policy after the coronavirus outbreak hit crude demand in Vienna, Austria, March 4, 2020. REUTERS/Shadia Nasralla

DUBAI (Reuters) - Iran’s Oil Minister Bijan Zanganeh said on Thursday that the size of oil production cuts being discussed by OPEC and other oil producers, or OPEC+, had not been agreed, SHANA news site reported.

“The amount of oil production cut is not agreed on yet, must be discussed,” Zangeneh said, according to SHANA, the news site of the Iranian oil ministry. “We will try to find a way to help the oil market stabilize.”

Reporting by Babak Dehghanpisheh; Writing by Dahlia Nehme; Editing by Susan Fenton

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