Libya also has right to increase production: Minister Bouterfa Algeria to host talks to stabilize oil market later this month OPEC and other producers can reconcile talks aimed at stabilizing the oil market with the prerogative of Iran, Nigeria and Libya to boost output, according to Algeria’s energy minister. “Iran has the right to increase production to the pre-sanctions level,” Algeria’s Noureddine Bouterfa said in an interview in Moscow Friday, after meeting his Russian counterpart Alexander Novak. “It is also the right of Libya, Nigeria to increase.” Bouterfa was shuttling between Moscow and Paris on Friday as he prepares to host talks between the Organization of Petroleum Exporting Countries and other major oil exporters in Algiers later this month. Discussions aimed at freezing production failed in April after Saudi Arabia insisted on the participation of its Persian Gulf rival Iran, which said it would keep increasing output after the […]