Iran says to cooperate with OPEC to stabilise the oil market: IRNA

Iran’s oil minister said Friday that Tehran would cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilise 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.

Source: Reuters