Iran will seek an exemption from any OPEC production cut agreement, its oil minister said Wednesday, potentially complicating the group’s already fraught negotiations. “Iran should be excluded from any decision on production levels,” Bijan Zanganeh said on arrival in Vienna ahead of OPEC’s Thursday meeting, adding that while the US maintains sanctions targeting Iranian oil sales, “we won’t participate in any agreement on production.” He declined to reveal how much Iran was currently producing, saying that disclosing such information would provide the US with leverage on how tightly to enforce the sanctions. S&P Global Platts, through a survey of industry officials, analysts and shipping data, estimates Iran’s November crude output at 2.98 million b/d. OPEC is set to decide on its 2019 production policy Thursday, with Russia and nine other non-OPEC allies joining talks Friday. […]