Iran not to give up its oil quota

The Iranian Oil Minister Bijan Namdar Zanganeh said that Iran will not give up its quota in the international oil market.

He noted that the market is oversupplied, but Iran "will not overlook its quota."

Commenting on the meeting in Doha between Russia and a number of OPEC countries, Zanganeh confirmed that representatives of Venezuela and Iraq are scheduled to arrive in Iran on Wednesday, TASS reports.