Iran called to restrict oil output in Libya and Nigeria within the OPEC+ deal

Almaty. September 25. Silkroadnews – The agreement within the OPEC+ deal framework is really working, yet the contract participants should pay more attention to rising oil outputs in Libya and Nigeria, Iranian oil minister Bijan Namdar Zanganeh said, the Kazakh Telegraph Agency (KazTAG) said.
“OPEC’s actions are working and compliance is acceptable overall, although there needs to be some change. Changes are really related to Libya and Nigeria and the 100 percent compliance of everyone,” the agency quoted Iran’s minister saying.
According to the International Energy Agency (IEA), in August OPEC production totaled 170,000 barrels per day above the target level of 32.5 million barrels. According to the IEA’s experts, the reduction effect was leveled by output growth from Libya and Nigeria.
Libya and Nigeria, like Iran, are members of OPEC. The agreement cartel entered into on oil output reduction last November made an exception for all three countries allowing them not to reduce production.
For Iran, however, specific quota was established, saying the country can increase production by not more than 90 thousand barrels per day. The issue of oil production growth in Libya and Nigeria was discussed at the recent meeting in Vienna on September 22. Both countries promised to freeze or even slightly reduce production after reaching a certain level of output.