Saudi Arabia freeze oil production only in conjunction with other manufacturers
DUBAI (Reuters) - Saudi Arabia will fix the oil level only if so will the other major producers of black gold, including Iran, said Saturday the agency Bloomberg, citing Deputy Crown Prince Mohammed bin Salman.
According to him, the world's largest oil exporter will freeze production at about 10,3-10,4 million barrels per day in the case of the consent of other countries.
"If production does not freeze all the major manufacturers, we are not going to freeze production"- said Mohammed Bin Salman Bloomberg.
Representatives of the oil-producing countries - both within and outside of OPEC - are due to meet on Sunday in Doha to discuss the issue of frozen oil.
On Saturday, Reuters sources said that Iran's representatives will not go on a Sunday meeting in the Qatari capital.
Saudi prince also said that the kingdom is able to immediately increase production to 11.5 million barrels per day, and within a few months - to 12.5 million barrels.
"I'm not suggesting that we produce more, but we can produce more"- said the prince, second in line of succession to the royal throne.
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