Iran, Saudi oil ministers likely to meet in Algeria

TEHRAN, Sep. 24 (MNA) – An oil ministry official has said Iran and Saudi oil ministers will meet on the sidelines of unofficial OPEC meeting.

The unnamed official told Mehr News on Saturday that Bijan Namdar Zanganeh and Khalid al-Falih is Minister of Energy, Industry and Mineral Resources of Saudi Arabia would likely meet in a session and that Iran had not viewed oil issue as a political means; “the Islamic Republic of Iran has been seeking to stabilize oil markets and in line with this, it would support any decision which brings stability to energy prices,” he told Mehr News.

Earlier Zanganeh had told reporters that Iran would negotiate with any country including Saudi Arabia to coordinate attempts to help OPEC on price policy. Bloomberg also reported that Iran and Saudi oil ministers had met in Vienna during preliminaries for Algiers session of upcoming week, however, the rivalry in the region had aborted any policy which would bring oil freeze.

Mohammad Sanusi Barkindo of Nigeria was in Tehran three weeks ago in efforts to bring Iranian and Saudi Arabian officials to a flat ground and a possible agreement on OPEC policy. He told Bloomberg that Iran would support any policy OPEC set forth and a general consensus in oil prices.


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