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“If all countries including Iran, Russia, Venezuela, OPEC (Organization of Petroleum Exporting Countries) countries and all main producers decide to freeze production, we will be among them,” Mohammed bin Salman told Bloomberg on Friday.
He further claimed that a decline in the global oil prices is not likely to affect the kingdom.
According to reports, Iran will attend talks with OPEC members and Russia in Qatar on April 17 without joining their proposal to freeze crude oil production.
Earlier, Iranian Oil Minister Bijan Namdar Zangeneh dismissed any freeze agreement that would apply to Iran as “ridiculous” because the nation aims to revive production following the removal of anti-Tehran sanctions.
While an initial accord in February between Saudi Arabia, Qatar, Russia and Venezuela to cap production at January levels temporarily helped revive oil prices, analysts believe a freeze would have little impact even if more nations join.
All nuclear-related sanctions imposed on Iran were lifted after Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a nuclear deal on July 14, 2015 and started implementing it on January 16.
Tasnim News Agency - economy