ALGIERS (Sputnik) — In response to the question about the desirable freeze level, the minister told RIA Novost:
"It's the figure that we said and believe close to 4 million barrels [a day] pre-sanction."
At the moment, Iran's oil production level is at about 3.6 million barrels per day.
In January, the European Union, the United Nations, and partially the United States lifted their sanctions against Iran after the International Atomic Energy Agency verified Tehran’s compliance with a nuclear agreement reached in July 2015.
Iran Yet to Receive Proposal on Special Oil Output Freeze Conditions for Country
Iranian authorities have not received proposals that would include special conditions regarding oil output freeze for the country, the Iranian oil minister said.
"I haven't received any proposals yet," Zanganeh told RIA Novosti.
In April, major oil-producing states failed to reach an output-freezing agreement in Doha, Qatar. Saudi Arabia, which had previously said that it would freeze output only if Iran followed suit, cited Tehran’s absence from the talks as the reason for not supporting an output freeze.
"I hope and I try [to sign an oil output freeze agreement until the end of the year]…We try to make a decision in Algeria, we try…it's a consultative meeting in Algeria, it's not a formal meeting," Zanganeh told reporters on the sidelines of the International Energy Forum (IEF) in Algiers.
Zanganeh added that Iran did not expect any oil output freeze agreement to be reached at the Algiers meeting.
