TEHRAN, Oct. 23 (Press Shia Agency) – Iran backs any effort aimed at bringing stability, fair prices and producers’ fair share to the oil market, Iranian President Rouhani said in a Sat. meeting with his Venezuelan counterpart Nicolás Maduro.

Iranian President Hassan Rouhani made the remark in a meeting with his Venezuelan counterpart Nicolás Maduro in Tehran on Saturday evening, and stressed the necessity of coordination and technical cooperation among OPEC and non-OPEC countries to achieve this end.

Elsewhere, Rouhani touched upon the special status of Latin America, including Venezuela, in Iran’s foreign policy, adding “development of ties with Latin American countries, including Venezuela, has always been a matter of great importance to us and, fortunately, our bilateral cooperation has been on an increasing trend in recent years.”

The Iranian President also referred to the issue of terrorism in the region, adding “terrorism is a global issue and all countries throughout the world need to unite in fighting it.”

“Using terrorism as a tool by certain powers will eventually be detrimental to them,” he added.

The President of Venezuela, for his part, highlighted his country’s firm determination for expanding cooperation with Tehran in all areas, adding “new mechanisms should be considered and further consultation is needed among all OPEC and non-OPEC states to stabilize the oil price.”

President Maduro then referred to the upcoming OPEC meeting in Vienna, saying “oil-producing countries should develop a cooperation spirit and seek a fair agreement in order to stabilize oil prices.”

He further maintained that the Venezuelan government is determined to implement agreements made between the two countries in various fields of economy, politics, and culture, and stressed that he would welcome consultations between the two countries’ ministers for expediting the process of cooperation.