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Iran's oil minister to attend OPEC meeting in September

Xinhua, August 25, 2016 Adjust font size:

Iranian Oil Minister Bijan Namdar Zanganeh will take part in a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Algeria next month, Iran's Petro-Energy Information Network (SHANA) announced on Thursday.

Reportedly, in the meeting, the Iranian delegation will encourage the OPEC member states for an agreement on the curb of oil output aimed to create balance in the market.

Oil prices in the market have fallen to below 50 U.S. dollars a barrel from some 100 dollars in 2014.

The OPEC members will meet on the sidelines of the International Energy Forum (IEF) in Algeria on Sept. 26-28.

The OPEC will probably revive talks on freezing oil production levels when it meets non-OPEC nations in Algeria, according to SHANA. Endit