OPEC Fails to Decide on Changing Oil Quotas - Iranian Minister

© AP Photo / Hasan JamaliOil production.
Oil production. - Sputnik International
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At its last meeting in June, the OPEC made a historic decision to maintain oil production levels despite a slump in global oil prices.

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VIENNA (Sputnik) — The Organization of the Petroleum Exporting Countries (OPEC) has not made a decision on changing oil production levels, Iran's Oil Minister Bijan Namdar Zangeneh said Friday.

"No decision was made," Zangeneh told reporters.

The OPEC noted following its meeting on Friday the importance of continued dialogue with Russia, China and the European Union.

"The Conference emphasized the significance of continued dialogue with other oil-producing countries and the importance of maintaining its energy dialogue with China, the European Union, the Russian Federation, and other industry participants and international organizations," the organization said in a statement.

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