TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh said he has held meetings with different members of the Organization of Petroleum Exporting Countries (OPEC) and discussed ways to prevent further price falls in the world crude market.Speaking in a televised interview on Wednesday, Zanganeh pointed to his recent visit to Qatar, Kuwait and the United Arab Emirates where he discussed oil issues, and said he had also conducted consultations with the Venezuelan and Iraqi oil ministers.
For the forthcoming OPEC session we try to become familiar with the viewpoints of each other in order to become able to follow targets in line with our national interests, Zanganeh said.
He further remarked that the South Persian Gulf countries are interested in preserving their share in the market and are concerned about reducing their share.
In relevant remarks on Saturday, Zanganeh underlined that the OPEC members were determined to reverse the trend of the falling market prices.
"It is important that the OPEC members are feeling the necessity for strengthening cooperation to restructure the current situation in the market and it is OPEC's responsibility to adopt proper action in this regard," Zanganeh said after meeting Venezuelan Foreign Minister Rafael Ramirez in Tehran.
Referring to the 166th meeting of OPEC due to be held on November 27, he said, "It is important that all OPEC members narrow down the gaps in their ideas during their bilateral and multilateral consultations."
Also in September, Zanganeh called on the OPEC members to make joint efforts to keep oil prices from falling further.
Given the (ongoing) downward trend of the oil prices, the OPEC members should make efforts to offset their production to keep the prices from further instability, he said.
OPEC is an international organization and economic cartel whose mission is to coordinate the policies of the oil-producing countries. The goal is to secure a steady income to the member states and to collude in influencing world oil prices through economic means.
OPEC is an intergovernmental organization that was created at the Baghdad Conference on 1014 September 1960, by Iraq, Kuwait, Iran, Saudi Arabia and Venezuela. Later it was joined by nine more governments: Libya, United Arab Emirates, Qatar, Indonesia, Algeria, Nigeria, Ecuador, Angola, and Gabon. OPEC was headquartered in Geneva, Switzerland before moving to Vienna, Austria, on September 1, 1965.
By Fars News Agency
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