Iran will cooperate with OPEC
Iran will cooperate with OPEC
I will participate in this meeting,” Iran’s Zanganeh was cited as saying by the oil ministry’s news service Shana
Iran's oil minister said on Friday that Tehran will cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilize the world market, but expects others to respect its rights, the ministry's news agency SHANA quoted him as saying.
Asked about an oil output freeze plan, Bijan Namdar Zanganeh also said that Iran supports any effort to bring stability to the market.
"Iran will cooperate with OPEC to help the oil market recover, but expects others to respect its natural rights," he added.
Iran’s oil minister became the latest OPEC member to say he will attend a meeting of producers in Algiers next month to discuss market conditions, including the possibility of keeping crude production at current levels. Saudi Arabia rejected an earlier attempt by some in the Organization of Petroleum Exporting Countries to freeze output at an April meeting in Doha.
Refrence:Tehran Chamber of Commerce
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