Iran considers an oil price of $70 per barrel as acceptable, but it is ready for a lower level.
"The Republic is considering a price of $70 as acceptable," the International Business Times cited the Iranian Oil Minister Bijan Namdar Zanganeh as saying.
Yesterday he said that Tehran will join the international freezing of oil production only after it reaches the production level of 4 million barrels per day.
Zanganeh also said that today he will discuss "oil politics" with the Russian Energy Minister Alexander Novak in Tehran, TASS reports.
