BREAKING NEWS

Rouhani: Iran supports any move to stabilize oil market

By REUTERS

SEPTEMBER 18, 2016 11:52

DUBAI - Iran's President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency SHANA quoted him as saying on Sunday.

"Instability and falling oil prices are harmful to all countries, especially oil producers," Rouhani was quoted as saying by SHANA.

"Tehran welcomes any move aimed at market stability and improvement of oil prices based on justice, fairness and fair quota of all the oil producers," the president said, referring to a meeting between OPEC and non-OPEC producers in Algeria next week, SHANA said.

Rouhani was speaking to Ecuadorean President Rafael Correa on the sidelines of the Non-Aligned Movement (NAM) Summit in Venezuela on Saturday, SHANA reported.

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