Legal and Judicial Affairs

OPEC yet to agree on final deal as Iran seeks exemptions

Iran appears to be the main obstacle for an OPEC oil output deal on Friday as the group’s leader Saudi Arabia has yet to agree exemptions for sanctions-hit Tehran, two OPEC sources said.

The Organisation of Petroleum Exporting Countries resumes discussions on Friday in Vienna before heading into a meeting with non-OPEC oil producers led by Russia.

On Thursday, OPEC failed to agree on concrete parameters for a deal to restrict output.

Source: Voice of Nigeria