Middle-east Arab News Opinion | Asharq Al-awsat

Kuwait Deputy FM Says No Space for Oil Production Increase - ASHARQ AL-AWSAT English Archive
Select Page

DUBAI-Kuwait’s deputy foreign minister Khaled Jarallah called for a freeze in oil production, and said Iran must learn from the market, noting that there is no space to support further increase, state agency news Kuna reported on Saturday.

Jarallah’s statements came while the latter along with acting oil minister Anas al-Saleh were attending a Kuwait-Japan business seminar in Tokyo.

“There is no choice but to freeze production,” KUNA quoted Jarallah as telling Japanese news agency Jiji press.

“Iran should learn from the market … the market does not give an opportunity to increase production” said Jarallah, when asked about Iranian production policy.

OPEC members and other oil exporters failed in a meeting in the Qatari capital Doha on April 17 to reach an agreement on freezing their output to rebalance the global oil market.

Iran, seeking to regain market share after international sanctions on Tehran were lifted last year, had refused to join the supply freeze initiative and the deal fell apart after Saudi Arabia insisted Tehran take part.

Asharq Al-Awsat English

Asharq Al-Awsat English

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube