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Iran warns politics may hinder fruits at OPEC meeting

Xinhua, November 29, 2016 Adjust font size:

Iranian Minister of Petroleum said the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) could bear fruits if politics are not involved, semi-official Fars news agency reported Tuesday.

"The ordinary meeting of OPEC members in Vienna on Nov. 30 will bear the desired fruits if discussions will be held based on economic and business views and all the members remain committed to what was agreed upon in Algiers in September," Bijan Namdar Zanganeh was quoted as saying by Fars.

On Sept. 28, OPEC members agreed during an impromptu meeting in Algeria to slash oil output by 750,000 barrels per day to raise crude prices.

However, it would be difficult to come to terms if politics prevail in the meeting, said Zanganeh, expressing hope that oil will not be used to serve political purposes.

"As a founding member, Iran has always cooperated with the organization strongly and has always struggled to play an influential role in the body," the minister said. Endit