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English news

19-Apr-2016

Oman offers to bridge Saudi Arabia-Iran gap in oil output talks

Oman, the biggest non-OPEC oil exporter in the Arabian Gulf, offered to narrow differences between Saudi Arabia and Iran that scuttled a planned crude output freeze. The outcome of the Sunday summit was disappointing but not a surprise because Iran wasn’t involved in the talks and Saudi Arabia insisted on Iran’s inclusion in the freeze, Oman’s Oil and Gas Minister Mohammed Al Rumhy told Bloomberg TV. Producers should still work on reaching a deal, Rumhy said, offering to facilitate discussions. “Oman has a good relationship, by the way, with everyone, not just Saudis and Iran, and we are prepared to see what is good for all of us,” he said. “Hopefully those who were not on board yesterday will be on board by June. From now on until June, we would be working on trying to convince everyone else that the freeze is the right way to do it.” (Times of Oman)

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