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September 19, 2016

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Home » Business » Energy

Oil price rise backed

IRAN’S President Hassan Rouhani said Tehran supported any move to stabilize the global oil market and lift prices, the Iranian oil ministry news agency quoted him as saying.

Iran, OPEC’s third-largest producer, has been boosting its oil output after the lifting of Western sanctions in January.

Tehran refused to join a previous attempt this year by OPEC to stabilize production, and talks collapsed in April.

OPEC members will meet on the sidelines of the International Energy Forum in Algeria from September 26-28.


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