Iran may soon drop its opposition to an oil-production freeze, with a senior official saying the Opec member’s crude output is closing in on its pre-sanctions level.
Iran is pumping 3.8 million barrels a day, approaching its daily target of 4 million barrels, Mohsen Ghamsari, the director for international affairs at the National Iranian Oil, said Wednesday at a conference in Singapore. He said earlier that Iran could reach its target in two to three months.
“Iran is close to the 4 million target, but the freeze is a political decision,” Mr Ghamsari said, referring to the oil minister Bijan Namdar Zanganeh. “We are now close to previous production levels, so now it depends on the minister’s decision.”
Members of Opec will hold talks with producers from outside the group, including Russia, during a conference in Algiers at the end of the month. Some ministers have called for an agreement to cap output in a joint effort to prop up crude prices amid a global glut. Saudi Arabia and Russia, the world’s top two crude-oil producers, pledged on Monday to cooperate to stabilize global markets, while failing to announce any specific measures to bolster prices.
A previous attempt to freeze output in April fell through when Saudi Arabia insisted that Iran join before its output had recovered to levels seen before world powers tightened sanctions on Iran’s economy.
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COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
RESULT
Liverpool 4 Southampton 0
Jota (2', 32')
Thiago (37')
Van Dijk (52')
Man of the match: Diogo Jota (Liverpool)
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
Key figures in the life of the fort
Sheikh Dhiyab bin Isa (ruled 1761-1793) Built Qasr Al Hosn as a watchtower to guard over the only freshwater well on Abu Dhabi island.
Sheikh Shakhbut bin Dhiyab (ruled 1793-1816) Expanded the tower into a small fort and transferred his ruling place of residence from Liwa Oasis to the fort on the island.
Sheikh Tahnoon bin Shakhbut (ruled 1818-1833) Expanded Qasr Al Hosn further as Abu Dhabi grew from a small village of palm huts to a town of more than 5,000 inhabitants.
Sheikh Khalifa bin Shakhbut (ruled 1833-1845) Repaired and fortified the fort.
Sheikh Saeed bin Tahnoon (ruled 1845-1855) Turned Qasr Al Hosn into a strong two-storied structure.
Sheikh Zayed bin Khalifa (ruled 1855-1909) Expanded Qasr Al Hosn further to reflect the emirate's increasing prominence.
Sheikh Shakhbut bin Sultan (ruled 1928-1966) Renovated and enlarged Qasr Al Hosn, adding a decorative arch and two new villas.
Sheikh Zayed bin Sultan (ruled 1966-2004) Moved the royal residence to Al Manhal palace and kept his diwan at Qasr Al Hosn.
Sources: Jayanti Maitra, www.adach.ae
