Iran could decide fate of first global oil deal for 15 years

martes 16 de febrero de 2016 20:00 GYT

* Saudis, Russia, Qatar, Venezuela agree output freeze plan

* But Iran looking to raise production after end of sanctions

* Tehran may be offered special terms to participate

* Graphic on global crude output:

By Rania El Gamal

DOHA/LONDON, Feb 17 (Reuters) - The fate of the first global oil deal in 15 years could be decided on Wednesday when OPEC members travel to Iran to persuade the country to participate in a deal to freeze output levels, possibly by offering Tehran special terms.

Dominant OPEC power Saudi Arabia and non-OPEC Russia, the world's top two producers and exporters, agreed on Tuesday to freeze production levels but said the deal was contingent on others joining in - a major sticking point with Iran absent from the talks and determined to raise production.

OPEC members Qatar, Venezuela and Kuwait said they were also ready to freeze output and oil sources in Iraq - the world's fastest-growing producer in the past year - said Baghdad would abide by a global deal aimed at tackling a growing oversupply and helping prices recover from their lowest in over a decade.

On Wednesday, Venezuelan Oil Minister Eulogio Del Pino and Iraqi Oil Minister Adel Abdel Mahdi will travel to Tehran for talks with their Iranian counterpart Bijan Zanganeh.   Continuación...