Iran has refused to participate in the agreement proposed by Russia
Implementation of the agreement between Russia and OPEC is no longer possible due to the fact that Tehran has refused to limit the level of oil production. According to sources, the Iranian authorities have called this agreement is not logical, because Iran is in a different environment. The Iranian side has summarized its refusal by the fact that as long as other countries were engaged in the production and sale of oil, Iran has been under Western sanctions. Now, after the lifting of sanctions, Tehran is not going to reduce the level of production, even in the event that an agreement signed by all countries involved in oil production. However, experts do not rule out that the negotiations on this issue can be resumed.
The agreement began to support other states, including one of the largest miners - Kuwait. Kuwaiti authorities have already made a preliminary agreement on the limitation of black gold production to three million barrels a day. However, in Kuwait noted that sign the treaty only with the consent of all countries.
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