Iranian Oil Minister Gholam Hossein Nozari said on Friday it was too early to say what action OPEC might take when it meets in early December, leaving the door open for a possible production rise to cool prices.

Iranian President Mahmoud Ahmadinejad is scheduled to pay a daylong visit to Bahrain prior to his participation in the upcoming summit of the Organization of Petroleum Exporting Countries (OPEC) in Saudi Arabia on Saturday.

Iranian Foreign Minister Manouchehr Mottaki is due to leave Tehran for Riyadh on Friday to take the introductory steps for the participation of President Mahmoud Ahmadinejad in the upcoming OPEC heads of state summit in Saudi Arabia next week.