Iranian Minister of Petroleum Bijan Zangeneh said Tehran supports any move to stabilize the situation in the international crude oil market and improve the price of the product.
“The decision taken so that OPEC members and non-OPEC (countries) freeze their production ceiling in a bid to stabilize the market and improve prices in the interest of consumer and producer is also supported by us,” he told reporters.
“I hope that with the efforts which have been initiated, we would witness improvement of the market’s situation in future,” Zangeneh said.
“As I said, this is the initial step and we have to look at it positively. Buy I think everybody agrees that we have to monitor the market situation and reaction and to consult on the next steps if necessary,” he said.
“This is good start,” the Iranian minister said.