Zanganeh hails Russian oil stance as ‘positive’

TEHRAN, Mar. 14 (MNA) – Iran’s oil minister has said his ministry have hit an excellent agreement with Russia to bring improvements to oil markets within a year.

Bijan Namdar Zanganeh told reporters on Monday after his meeting with his Russian Energy Minisster Alexander Valentinovich Novak that talks had been focused on bringing stability to oil markets; “Iran and Russia have similar positions about the future of oil markets; Russians welcome Iran’s return to oil markets and their position provide us with much hope; we found the propaganda in the media distorting Russian position unfounded,” he told the press. “Russia seeks to play a more active role in improving the situation in oil markets; currently, Russia has displayed their most hope-inspiring positions within 18 past years.”

“To restore stability to oil markets would require one or two years; this would entail intervention of great producers of crude oil in the markets less than a year; oil production and supply provide us with effective tools to bring the stability much anticipated,” Namdar Zanganeh asserted.

Zanganeh welcomed what had been hailed as a first effective steps to attain stability, production freeze; “this is a positive step forward and we will support the role played by Russia or other non-OPEC oil producers,” he said.

 

SH/3580319 

 

News Code 115220

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