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decision to be taken to restore stability to the oil market, support.

Shana news agency on Tuesday (16 September) Bijan Namdar Zanganeh said after meeting with Mohammad Barkyndv, Secretary General of the Organization of Petroleum Exporting Countries (OPEC) made the remarks to reporters.

Zanganeh said on reasonable price of oil on world markets, "favored by most members of OPEC for oil price 50 to $ 60 for the OPEC basket is."
Appropriate oil to $ 55, he said: "The price makes oil production for OPEC members in addition to favorable income generation, economic and competitors they can be useful and at the same time increase production."

Iran's oil minister said in a meeting with Barkyndv, Tehran ties informal OPEC meeting in Algeria, OPEC Secretary-General transmitted and Barkyndv the issues raised in his talks with the Petroleum Exporting
 
Iran supports 'any decision' to stabilise oil market
By AFP
PUBLISHED: 05:23 EST, 6 September 2016 | UPDATED: 05:23 EST, 6 September 2016

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Iran's oil minister said Tuesday that the Islamic republic supports "any decision" to stabilise the global oil market and that $50-60 per barrel is the "desired price" for most OPEC members.

"Iran supports any decision by oil producers to return stability to oil markets. The desired price for most OPEC members for oil is between 50 and 60 dollars," said Bijan Zanganeh following a meeting with OPEC secretary-general Mohammed Barkindo in Tehran, according to the ministry's Shana news agency.
 
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