Iranian President Hassan Rouhani has urged Venezuela and other aligned OPEC states to cooperate in an effort to defuse an oil price decreasing plot.
MOSCOW, January 10 (Sputnik) – President of Iran Hassan Rouhani has called on Venezuela and other aligned OPEC countries to join forces in defusing the plot of a number of countries to decrease oil prices, Iranian news agency FARS reports on Saturday.
“Undoubtedly, cooperation among the aligned countries in the OPEC can both defuse the plots of certain powers against the organization and help stabilize an acceptable price for oil in 2015,” the agency quotes Rouhani as saying in a meeting with his Venezuelan counterpart Nicolás Maduro in Tehran on Saturday.
Maduro also urged other oil exporting countries for cooperation in order to return stability to oil prices, according to the Venezuelan Noticias24 newspaper.
The Venezuelan president stated earlier that his country would make every effort to ensure the oil price stood at $100 per barrel.
Earlier in November, while meeting with Venezuelan Foreign Minister Rafael Ramirez in Tehran, President Rouhani already underlined the need for cooperation between Tehran and Caracas to help stabilize the crude prices in the global markets in a bid to prevent instability of international economy.
“The sudden fluctuations in oil prices (negatively) influence the stability of the global market and hence we should try to maintain balance in oil prices,” the agency quotes the Iranian president as saying at that meeting.
The oil prices have fallen dramatically since June 2014 and now stand at $50 per barrel.
In November 2014, OPEC decided to keep oil output quota at 30 million barrels per day, which only increased the further drop in oil prices.
On Wednesday, the price for Brent crude fell below $50 per barrel, marking the lowest point since 2009 and a 50 percent drop from summer 2014 levels. Amid the indications of the US oil reserves reduction, the prices increased for a couple of days, however on Friday continued to drop.
Oil exporting countries, including Venezuela, Iran and Russia have faced significant economic problems due to the low prices on crude.
The Iranian head of state also stressed that both countries are opposed to terrorism and extremismin the world and help each other in the establishment of stability and security across the world.
And also called for the further development of bilateral relations in trade, investment, exports of technical and engineering services, medical industries, ship-building and direct flights between the two countries.
Courtesy of Sputnik Copyright © 2014, sputniknews.com
The material on EMerging Equity is published without profit to those who have expressed a prior interest in receiving such information for research and educational purposes.
Discussion
No comments yet.