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Tehran, Caracas determined to stabilize oil market

9 December 2016 14:37

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President Hassan Rouhani of Iran spoke by phone on Thursday with President Nicolás Maduro of Venezuela to coordinate the measures for shoring up the oil price in the global market.

“All oil producer states in the first step should attempt to well materialize and put into action the agreements made in the first six months of the next year and hence the continuation of talks and exchange of ideas on the issue is necessary,” said President Hassan Rouhani of the Islamic Republic of Iran on Thursday in a phone conversation with President Nicolás Maduro of Venezuela.

The phone call came after the intensive consultations between Tehran and Caracas for stabilizing and improving the oil price and in accordance with the agreements made in Algeria and Vienna meetings of OPEC members.

“We are still determined to support the stability of the market and the rise of the oil prise,” underlined the Iranian president after highlighting the role of non-OPEC states in the full accomplishment of the reached agreements, “close cooperation between OPEC and non-OPEC countries is very important in having stable and increased oil price.”

Also, the head of Iranian executive branch reaffirmed the special position of Venezuela and Latin America in the foreign policy of the Islamic Republic of Iran and articulated that expansion and development of cooperation with Latin America and especially Venezuela has always been significant for the Islamic Republic.

In another part of his dialogue with Mr.Maduro, Mr. Rouhani referred to the presidency of Venezuela over the Non-Alignment Movement and voiced hope that Caracas would capitalize on the opportunity to try to bolster, more than the past, the ties and cooperation between the member states of the movement.

Also, Mr.Maduro, for his part, offered congratulations to President Rouhani over the success of the efforts made by the two countries of Iran and Venezuela in OPEC talks.

“The agreement to stabilize the oil price reached by the oil producer states in Vienna talks was a success for all the participants and the achievements will be fully revealed in the next months,” highlighted the Venezuelan president.

He also voiced his deep gratitude for all the supports offered by the Islamic Republic of Iran and reassured that his country is determined to expand and develop cooperation between Tehran and Caracas more than before.

“Oil dealers should not be given the right to set the oil price and the current steps should be fully followed to reach a more realistic and fair price of the oil,” asserted the Venezuelan president, “the cooperation between Iran and Venezuela is very important in this arena.”

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