Oct 17, 2001, 12:01 AM
News Code: 9032193
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Riyadh in arrives minister oil Iranian Zanganeh Namdar Bijan Minister Oil Iranian -- IRNA 17, Oct Riyadh, his by airport the at received was and Wednesday on Riyadh in arrived .al-Naimi Ali counterpart Saudi a deliver would he that arrival his upon IRNA told Zanganeh and Abdullah Prince Crown to Khatami Mohammad President from message help to measure on minister oil Saudi with consultations hold would .market oil the in stability restore biggest the of two as Arabia, Saudi and Iran that said He Countries Exporting Petroleum of Organization the within exporters cooperation good made have countries two The .ties close enjoy ,(OPEC) .said he market, oil the administer to years several past the in will it which to according mechanism a adopted has OPEC range price the below goes it when output oil the trim automatically .days working consecutive 20 for barrel the to dollars 22-28 of on barrel the to dollars 48.19 at low two-year to fell prices Oil OPEC the necessitating market oil the in slump month a after Tuesday secure to bpd million one to bpd 700,000 between output the trim to .range price the OPEC's .bpd million 2.23 at output quota its fixed has OPEC the that said observers but, 14, November on scheduled is meeting of level the fix to consensus a on working are countries exporting .meeting the before cut output SS/AH End