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Iran to Seek OPEC Oil Output Cut: Minister | ASHARQ AL-AWSAT English Archive 2005 -2017
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TEHRAN (Reuters) – Iran will ask for an oil output cut at an OPEC emergency meeting scheduled for mid-November in Vienna, Oil Minister Gholamhossein Nozari told an Iranian newspaper.

“At this meeting our country’s request to cut production … will be submitted,” Nozari was quoted as saying by the Poul daily.

“It seems that if OPEC does not take a major decision to confront falling oil prices, investment conditions in the oil industry would be faced with a serious danger.”