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Iran to seek OPEC oil output cut: minister

TEHRAN
Sun Oct 12, 2008 2:18am EDT

TEHRAN (Reuters) - Iran will ask for an oil output cut at an OPEC emergency meeting scheduled for mid-November in Vienna, Oil Minister Gholamhossein Nozari told an Iranian newspaper.

"At this meeting our country's request to cut production ... will be submitted," Nozari was quoted as saying by the Poul daily.

"It seems that if OPEC does not take a major decision to confront falling oil prices, investment conditions in the oil industry would be faced with a serious danger."

(Reporting by Zahra Hosseinian; Writing by Fredrik Dahl; Editing by Anshuman Daga)


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