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Iran to reduce crude oil production

Tehran, Nov 1, IRNA-Iran will reduce its crude oil production from today following a recent decision made by the Organization of Petroleum Exporting Countries (OPEC), an Iranian official said here Wednesday.

Head of the National Iranian Oil Company for International Affairs Hojjatollah Ghanimi-Fard made the disclosure while talking to reporters.

"As decided by OPEC in its extraordinary session held recently in Doha, Qatar, the cartel will reduce its production of crude oil by 1.2 million barrels per day from November 1.

"Iran's share in the cut will be 176,000 barrels," he said.

... Payvand News - 11/1/06 ... --

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