Oct 17, 2001, 12:01 AM
News Code: 9032199
0 Persons
stability market oil seek Arabia .S Iran, here said Zanganeh Namdar Bijan Minister Oil -- IRNA 17, Oct Riyadh, need the on stances common share Arabia Saudi and Iran that Wednesday .market oil the in stability for Minister Oil Saudi with meeting his of end the at said Zanganeh OPEC prompt prices oil falling and recession economic global that here .consultations constant have to members oil and demand falling prevent to measures OPEC's about Asked in growth the to linked is demand in decline said Zanganeh price, to producers all among cooperation be should there but economy global .price oil stabilize views close have should consumers and producers oil said Zanganeh that status stable a reach and conditions critical ongoing the pass to .sides both favor would producers non-OPEC present at conditions sensitive under said He of case In .members OPEC the with cooperation to consent should suitable a ensure can OPEC countries, non-OPEC with contacts constant .price the that adding cohesion, good in are members OPEC said He .OPEC for unusual is world the in prevailing situation military and years past the in operation `successful' OPEC's the praised He global of recession and condition oil present between harmony said .instability market oil for reasons other among are economy oil the of management is job main OPEC's the said minister The and OPEC among cooperation further for called He .sector supply .countries non-OPEC the because evident is OPEC in strategy long-term of lack said He and planning mid-term and short for established been had organization .members its for policy long-term devise cannot and market control to existence to come has OPEC that added He global to respect with members the all for income desirable earn .consumers of interests and economy third the just is OPEC that believes minister oil Iranian The the despite influential still is that organization economic global .years forty of lapse and unusual is OPEC among viewpoint common and unanimity said He and market the on proposals many forward put to are ministers oil OPEC .meeting upcoming their in realities its BG/AH End