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Putin pushes for oil freeze deal with Opec, exemption for Iran

The Russian president said he may recommend completing the plan when he meets Saudi Deputy Crown Prince at the G20 summit


Vladimir Putin said he'd like Opec and Russia, producers of half of the world's oil, to reach a deal to freeze supply and expects the dispute over Iran's participation can be resolved. "From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise," Putin said in an interview in Vladivostok. "I am confident that everyone understands that. We believe that this is the right decision for world energy." While talks collapsed in April over whether Iran should join in, countries now recognise the country - freed just ...

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First Published: Sat, September 03 2016. 00:17 IST