Venezuelan president calls in Iran for oil price cooperation

AFP, TEHRAN: Venezuelan President Nicolas Maduro called yesterday for increased cooperation between oil-rich nations to stabilise prices as he met with the supreme leader and president of Iran.
“To stabilise the price of oil, new mechanisms should be taken and consultation among oil-producing countries, be they members or non-members of the OPEC, should increase,” Maduro said, according to the website of Iranian President Hassan Rouhani.
Venezuela’s economic and political crisis has been compounded by the collapsing price of oil, and Maduro hopes that other oil-rich countries will agree to cap production in order to boost global prices.
Iran’s supreme leader Ayatollah Ali Khamenei implied that the falling price of oil was “an instrument” imposed by the United States to “put pressure on independent countries”, his official site said.
“We can adopt a rational policy and reinforce our cooperation to prevent these plots and this hostile policy,” Khamenei said.
Maduro also received support from Rouhani, who said: “Iran backs any effort bringing stability, fair price and members’ fair share to the oil market.”
The Venezuelan leader arrived in Tehran following a meeting earlier Saturday with Azerbaijan’s President Ilham Aliyev, during which Maduro reportedly said that a deal was close between OPEC and non-OPEC nations, according Iran’s IRNA news agency.

 

Venezuelan president calls in Iran for oil price cooperation

AFP, TEHRAN: Venezuelan President Nicolas Maduro called yesterday for increased cooperation between oil-rich nations to stabilise prices as he met with the supreme leader and president of Iran. To stabilise the price of oil, new mechanisms should be taken and consultation among oil-producing countries, be they members or non-members of the OPEC, should increase, Maduro said, according to the website of Iranian President Hassan Rouhani. Venezuelas economic and political crisis has been compounded by the collapsing price of oil, and Maduro hopes that other oil-rich countries will agree to cap production in order to boost global prices. Irans supreme leader Ayatollah Ali Khamenei implied that the falling price of oil was an instrument imposed by the United States to put pressure on independent countries, his official site said. We can adopt a rational policy and reinforce our cooperation to prevent these plots and this hostile policy, Khamenei said. Maduro also received support from Rouhani, who said: Iran backs any effort bringing stability, fair price and members fair share to the oil market. The Venezuelan leader arrived in Tehran following a meeting earlier Saturdaywith Azerbaijans President Ilham Aliyev, during which Maduro reportedly saidthat a deal was close between OPEC andnon-OPEC nations, according Irans IRNA news agency.