Qatari oil minister Abdullah al-Attiyah Confirmed Sunday his satisfaction with the commitment of the OPEC States Member and their agreement to reductions, while Iran called on the need for cooperation with the oil-producing countries from outside the organization, and comes a week ahead of a crucial meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna, the mid – this month.

Non-OPEC
on the other hand, Iranian oil minister Gholam Hossein Jalili called on cooperation between the producers of crude oil from inside and outside the Organization of Petroleum Exporting Countries in the global economic slowdown.
Iranian news agency quoted Jalili as saying that in the current global economic conditions the cooperation of the oil producers outside OPEC with the members of the Organization became an absolute necessity did not give more details and did not mention any country by name.

 
Jalili stressed that cooperation with non-OPEC producing countries is very important (Reuters – Archive)
Jalili said that the Organization of Petroleum Exporting Countries will make a decision related to the production of oil at its meeting on 15th March after a study of crude market and the global economy, but gave no details about the nature of the resolution.

 
Earlier this month, Jalili said he did not expect a decision to cut again in Vienna after Iran hinted earlier that OPEC may impose further restrictions, but called for the adoption of a mechanism to support prices.

 
Price stability

On the same context , the minister of Finance of Venezuela on Sunday said that world oil prices are likely to remain stable this year, but without fair value, based on the difficulty that the world oil prices have made significant movement in the short term.

Ali Rodriguez, who formerly occupied the position of Chairman of the Organization of Petroleum Exporting Countries Said to a local television channel: “I think that this year the price will remain at current levels and perhaps increased slightly.”

 
But he added that it is likely to witness a surge in world prices at some of the future if the price at current levels that discourage companies from investing in oil exploration and production.

 
The Organization of Petroleum Exporting Countries, consisting of 12 members had already agreed to cut production 4.2 million barrels per day since September, and reports indicated that members applied until last month, 81% of the production cuts.