TEHRAN, Feb. 16 (Shana) � Petroleum Minister Bijan Zangeneh stressed that Iran will not give up its quota in the international crude oil market adding that Tehran will be hosting a tripartite ministerial meeting to be participated by his Iraqi and Venezuelan counterparts on Wednesday.

�What is important is that, first, the market is oversupplied, and, second, that Iran will not overlook its quota,� he told Shana following a meeting with the visiting Georgian Energy Minister Kakha Kaladze here on Tuesday.

�Iraqi Oil Minister Adil Abdul-Mahdi and Venezuelan Oil Minister Eulogio Del Pino are scheduled to arrive here for a tri-partite meeting on Wednesday,� he added.

To a question on the joint meeting of Russian, Venezuelan, Qatari, and Saudi oil ministers in Doha on Tuesday, Zangeneh said he was not communicated with the outcome of the meeting.
�According to reports about the meeting which I am still not informed about its final results, there were talks over stabilizing the production quota,� he added.

�It requires discussion and examination to be seen what has been their point,� said Zangeneh.

By SHANA