TEHRAN, March 11 (Reuters) - Iran's oil minister suggested OPEC would accept Russia as a member if Moscow wanted to join the 12-member oil producers' group, the semi-official Fars News Agency reported.
Gholamhossein Nozari, speaking a few days before the cartel is due to meet in Vienna on March 15, also reiterated a call for more cooperation between OPEC and non-OPEC countries. Iran is the world's fourth-largest oil producer.
Oil prices have plunged about $100 a barrel since a peak of $147 in July as a global economic downturn hit fuel demand, despite a series of production cuts by the Organization of the Petroleum Exporting Countries in the last six months.
No comments:
Post a Comment