Oil Minister:Iran Calls for Stable Oil Price

TEHRAN (Fars News Agency)- Iranian Oil Minister Kazem Vaziri Hamaneh in Qatari Capital, Doha, on Sunday called for stable oil prices at international market. Vaziri Hamaneh made the remark while talking to reporters before the opening ceremony of the 10th International Energy Forum.  

Asked about President Mahmoud Ahmadinejad’s remarks on oil price, he said, “Iran is not happy with fluctuation in oil prices and is interested in stable prices”.

He added, “Tehran believes that the cost of oil production should not be increased and that consumers and producers should enjoy a calm atmosphere.”

In response to a question on whether the Organization of Petroleum Exporting Countries (OPEC) would increase its production, the Minister said, “OPEC is doing its utmost to produce oil. There is no oil shortage in the market. I do not believe that any new decision would be made during the meeting.”

The 10th International Energy Forum kicked off in Doha, Qatar, on Sunday.