Iran calls for broad international cooperation to increase oil prices, and will try by different means to achieve this goal, the country's acting deputy oil Minister Masoud Hashemian Esfahani said Tuesday.
MOSCOW, February 16 (Sputnik) — Earlier in the day, Russian Energy Minister Alexander Novak said that Russia, Saudi Arabia, Venezuela and Qatar will freeze oil production at January levels if other countries follow the suit.
"Cooperating with each other to reach this goal is necessary," Esfahani told RIA Novosti, adding that Tehran "will attempt to reach an agreement to make oil prices higher."
"In either case we support a higher oil price level, we will attempt by different means to increase oil prices," he added.
Since the collapse in oil prices in the first half of January, officials from OPEC member states and non-OPEC countries have been considering holding a meeting to address the declining oil prices, which have caused significant financial problems for some states.
Meanwhile, oil prices slowed on Tuesday after reports over an alleged agreement between Russia and a number of OPEC countries to freeze their levels of extractions.