Iran will not back down on its plans to regain its share of oil production within OPEC, the government said Tuesday ahead of a crucial meeting of global oil producers to decide whether to freeze crude output at January’s levels to support prices. Government spokesman Mohammad Bagher Nobakht also called on other major producers to cut their output to make room for Iran. “We are determined to gain the share we previously had,” Nobakht told a press briefing. Under restrictive international sanctions over its disputed nuclear program, Iran’s crude production and exports fell from around 4 million b/d and 2.2 million-2.3 million b/d, respectively, to just under 3 million b/d and around 1 million b/d. Article Continues below… Every Monday, Capitol Hill newshounds Herman Wang and Brian Scheid analyze, dissect and debate the key US oil policy issues affecting the industry. Donald Trump’s proposal to ban US imports of […]