President Rouhani phone conversation with Maduro over oil prices

President Hassan Rouhani says oil producing countries must take decisions to increase the oil price at international markets.

According to Press TV, in a telephone conversation with Venezuelan President Nicolás Maduro on Monday, Rouhani commended the stance adopted by Caracas at an extraordinary meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Algeria in favor of maintaining Iran’s oil quota and raising its oil output to pre-sanctions levels.

“All must make efforts so that the committee of experts would take decisions to clear the way for increasing global oil price in the [OPEC] meeting in November,” the Iranian president said, adding that OPEC countries must hold “serious negotiations” with non-OPEC producers in order to increase and stabilize oil prices at international markets.

He also called for expert-level meetings to determine member countries’ oil export quotas.

The Venezuelan president, for his part, said Tehran and Caracas have common and coordinated stances on regional and international developments, particularly on OPEC-related issues.

Maduro stressed the importance of increasing the oil prices and expressed hope that the outcome of the Algeria meeting would help stabilize the oil market.

He also called for the expansion of relations with Iran and implementation of new projects.

SS