Iran boycotts Doha oil talks with producers close to agreement

Doha oil talks: Iran has boycotted today’s  meeting between OPEC and non-OPEC member countries in Qatar as more than a dozen countries  – including Saudi Arabia, Russia, Venezuela and Iraq – stand poised to agree to freeze output at January levels, according to a draft agreement seen by the Financial Times.
The proposed deal would last until October, when ministers would meet again in Russia to assess their efforts towards assuring “a progressive recovery of the oil market,” the draft states. “With the biggest drop in oil prices since 2008, the global oil industry is facing a serious challenge…There remains a welcome spirit and willingness for dialogue and co-operation between oil producing nations regarding this serious drop in oil prices.” 
Iran’s Oil Minister Bijan Namdar Zanganeh begged to differ. “We have told some OPEC and non-OPEC members like Russia that they should accept the reality of Iran’s return to the oil market. If Iran freezes its oil production at the February level, it means it cannot benefit from the lifting of sanctions,” he said.

Source: FT