OPEC, Non-OPEC To Discuss Iran's Quotas Redistribution Concerns In Algiers - Libya's NOC

ALGIERS (UrduPoint News / Sputnik - 23rd September, 2018) LGIERS, ALGIERS (Pakistan Point news / Sputnik - 23rd September, 2018) nastasia Dmitrieva, September 23 (Sputnik) - The Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers will thoroughly discuss Iran's concerns over possible redistribution of oil production quotas at a Sunday meeting, Libyan National Oil Corporation (NOC) chairman Mustafa Sanalla told Sputnik.

"This issue will be discussed in detail today, the situation with Iran makes more pressure on the prices on the market," Sanalla said ahead of the JMMC meeting in Algiers, when asked about the Iranian oil minister's letters to the OPEC president warning the meeting against redistributing oil production quotas.

The NOC chief also said that the general issue of redistribution of quotas between countries who are unable to raise output and those with spare capacities would be subject to discussion at the JMMC meeting.

"Libya has a spare capacity of 100,000 barrels per day to add more if the situation allows," he added.