TEHRAN Jan 19(Shana)–Iran’s petroleum minister said his country is not planning to call for an emergency meeting of OPEC to discuss plunging oil prices.
“Iran has no plan in this regard (OPEC emergency meeting) and is currently in consultation with other OPEC member states in a bid to prevent the sharp fall in the oil price, but these consultations have yet failed to bear fruit,” Bijan Namdar Zangeneh said.
“Cooperation among OPEC members should increase so that the oil price would be balanced in the market and be reasonable for investors and producers,” said the minister.
He said that “a political determination is keeping oil prices from edging up”, but he refused to blame any specific country for the price fall.
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