Iran is in no hurry to act in support of the world's oil pact

ANKARA / DUBAI (Reuters) - Iran is in no hurry to confirm the matter of the statement of its Minister of solidarity with the decision of the major oil producers to stop production at current levels - a decision which pushed up prices for oil and strengthen the exchange of a number of commodity economies.

Tehran has made it clear that he wanted to regain the market share lost during the years of international sanctions, which were filmed in January in exchange for limiting its nuclear program, agreed last year.

On Thursday, sources in Iran said that the agreement between the oil producers of the production freeze at current levels is not enough to ensure balance on the market.

Shana news agency under the Ministry of Petroleum Industry of Iran on the eve of the head of department cited Bijan Zanganeh as saying that Tehran supports the adoption of the previous day a decision in Doha on deduction ceiling of oil production and believes that others should be taken in addition to this measure.

Iran's position is to confuse the negotiations on the levels of production in the background has become a surprise compromise reached this week, two of the largest oil exporters - non-OPEC Russia and cartel leader Saudi Arabia.

In January, production levels close to historical highs.

The first 15 years of debate and calling the pact is not yet too impressed with the market, which is waiting reduction instead of giving up production of its further increase. At the same time, if Iran will agree with OPEC special conditions, production could even increase.

Zanganeh on Wednesday spent two hours in conversations with colleagues from Iraq, Qatar and Venezuela, arrived in Tehran from Doha. They left Iran without giving comments.

The Iranian minister later spoke to the local press, and carefully chose his words, avoiding mention of Iran's position in relation to its own oil production.

"We had a good meeting today and yesterday's reports of a meeting came to us. We support cooperation between OPEC countries and countries outside it"- Zanganeh said.

"I was told that Russia, as the world's largest oil exporter, as well as Oman and other countries are ready to join. This is a positive step, we follow a positive approach to this, it is a good start".

OPEC countries of the Gulf, Qatar, Kuwait and the UAE, and Venezuela - were in dire straits because of the reduction in price of oil - said they will join the Russian-Saudi pact, aimed at combating the growing surplus of black gold in the market and price recovery, collapsed to lows decades.

But Iran is a major barrier to the implementation of the first in 2001 deal between OPEC and independent producers. Tehran has promised to dramatically increase production in order to regain its market position.

"Ask Iran to freeze production at the current level is illogical ... When Iran has been the target of sanctions, some countries have increased their production and caused a fall in prices", - said the Iranian ambassador to OPEC Mehdi Asali popular Tehran Shargh newspaper.

Iran exported about 2.5 million barrels of oil per day, but sanctions have limited the amount of up to about 1.1 million barrels. Now he is again free to supply oil to the world market.

This will only increase its surplus, fueled by US production of shale oil and the decision of the Saudis to pump at full capacity to displace from the market of producers with higher operating costs.

The planet is already producing more than a million barrels of oil per day than it consumes. Inventories reached record volumes. OPEC member Libya, whose production suffered from the civil war, said on Wednesday that she would like to supply more.

In January, the price of oil fell below $ 30 per barrel compared to $ 115 in mid-2014 that hit the finance Russia, Saudi Arabia and other miners.

Against the backdrop of the debate about the global package price of Brent futures rose by almost seven per cent in the medium to nearly $ 35, whereas the previous day fell by four per cent.

Two non-Iranian source close to OPEC told Reuters this week that Tehran special conditions in a deal to freeze production volumes can be offered.

In 2001, Saudi Arabia has urged Mexico, Norway and Russia to contribute to a reduction in oil production. However, Moscow has not brought the initiative to the end and instead increased its oil exports.