Iran's oil minister "positive with oil freeze talks"

Iran's Oil Minister Bijan Zanganeh says he is positive with oil freeze talks.

"I am not pessimistic with talks in the (OPEC) meeting," Zanganeh told reporters when asked by reporters whether the OPEC November 30 Vienna session should be regarded as the deadline for decision on the production cut by the members.

Zanganeh gave the interview to reporters on the sidelines of a ceremony to sign an agreement in principle for development of the phase 11 of South Pars Gas Field, shared with Qatar.

Iranian Petropars Company, Chinese CNPC and French Total will undertake the $4.8 billion project.

To a question "what did he expect of the result regarding contradictory claims on oil freeze," the Iranian oil minister said, "It cannot be solved by interview; talks should be held in that regard."

Also asked about likelihood of non-enforcement of the oil freeze project, Zanganeh said, "Let's wait. I think positively."

EA