Iran ready to support oil prices at $50-60

Iran ready to support oil prices at $50-60

Algerian Oil Minister Noureddine Buterfa will visit Paris tomorrow to discuss oil prices with Saudi counterpart Khalid al-Falih and OPEC Secretary General Mohammed Barkindo, a source in the Algerian Oil Ministry informed.

"Algeria's Oil Minister will meet with Saudi Oil Minister and OPEC Secretary General in Paris on Friday to discuss Algeria's proposal to set the price of oil at $50-60 per barrel," RIA Novosti quoted him as saying.

Algerian authorities said Iran agreed to this proposal.

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