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Iran supports int'l efforts to stabilize oil markets - Pres. Rouhani

TEHRAN, Oct 22 (KUNA) -- Iranian President Hassan Rouhani has announced his country's support to international efforts to restore stability to global oil markets.
"Iran supports any measure in line with the stabilization of the oil market, fair prices and equitable quota for the producers," Rouhani said in a meeting with visiting Venezuelan President Nicolas Maduro in Tehran on Saturday.
He stressed that coordination and cooperation among all OPEC and non-OPEC oil producers in this regard is a necessity.
He expressed satisfaction with the special and deeply-rooted relations between Iran and Venezuela, saying the development of cooperation with Latin American countries has always been of high significance to Iran.
For his part, Maduro underlined the need for continuous consultations among OPEC and non-OPEC oil exporters and the adoption of new mechanisms to stabilize oil prices.
He said his country was determined to expand all-out cooperation with Iran. (end) mw.ibi