DUBAI: Iran's oil minister said on Thursday he will hold talks with top oil exporter Saudi Arabia about market share when OPEC members meet next week in Vienna as Tehran aims to boost its oil exports after the lifting of sanctions imposed over its nuclear programme.
"The countries in the south of the Persian Gulf are interested in keeping their market share and a decrease in market share will be difficult," Iran Oil Minister Bijan Zanganeh was cited as saying by the official news agency IRNA.
He said that he would speak to Saudi Arabia about this topic next week in Vienna.
OPEC meets on Nov. 27 to decide on its output policy amid calls from some members of the producing group to cut supplies to shore up oil prices that have fallen below $80 per barrel from $115 in June.
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