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Iran, Algeria enjoy strategic ties within OPEC

3 September 2016 17:50 (UTC+04:00)
Iran, Algeria enjoy strategic ties within OPEC

Iran and Algeria enjoy long-term and strategic ties within the Organization of the Petroleum Exporting Countries (OPEC), Bijan Namdar Zanganeh, Iran’s oil minister, said.

Zanganeh made the remarks during a meeting with Algerian Energy Minister Noureddin Boutarqeh who is on a visit to Tehran September 3, IRNA news agency reported.

Besides cooperation in OPEC, Iran and Algeria can develop their mutual relations in various fields in particular in oil, gas and energy sectors, Zanganeh added.

Boutarqeh arrived in Tehran Sept. 3 to talk about energy cooperation with Iranian officials.

It is expected that the issues related to the 15th meeting of the world’s energy ministers which is scheduled for September 26-28 and the OPEC meeting to be discussed during Algerian energy minister’s visit to Tehran.

Iran's oil minister has confirmed that he will take part in the upcoming meeting, aimed at "common action" to support the global oil prices.

It is expected that the talks on oil production freeze will be held between OPEC and non-OPEC countries.

Iran has been earlier called on by many countries, in particular, rival Saudi Arabia, to cooperate with the proposal to hold outputs at the January levels.

Tehran has rejected the idea as an imposition of a new set of sanctions on Iran after the country was freed of economic sanctions in January.

The secretary-general of the OPEC, Mohammed Barkindo, also intends to visit Tehran Sept. 5 to convince Iran to join the oil output freeze plan.


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