Oil Cartel Talks

By: KAKE News Email
By: KAKE News Email

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Iran's oil minister says the Islamic republic, Russia and Qatar discussed formation of an OPEC-style cartel of gas exporting countries.

Iranian Oil Minister Gholam Hossein Nozari said the top three countries with natural gas reserves will seriously pursue the formation of an organization of gas exporting countries.

Nozari spoke on state TV after a joing meeting with his Qatari counterpart Abdulla Bin Hamad al-Attiya and the head of Russia's Gazprom Alexiei Miller.

The idea of formation of the gas cartel was first raised by Iran when then-president of Russia Vladimir Putin visited Tehran in 2007.

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