Cooperation between OPEC and non-OPEC countries to stabilize and raise oil prices

“Close cooperation among OPEC and non-OPEC countries is key to stabilize and raise oil prices,” has said the Iranian President Hassan Rouhani.
The countries should work together to secure implementation of the deals in the first half of next year. The Iranian President specified the position of Latin American countries in the Islamic Republic’s foreign policy and said the Islamic Republic has always attached great importance to its relations and cooperation with these countries, including Venezuela. The OPEC members agreed in November to reduce output by around 1.2 million bpd from January 2017, a move that bolstered crude prices.