The oil exporting cartel would hold an emergency meeting, if it felt concern about oil prices, Iran's Representative to the OPEC Board of Governors Mohammad-Ali Khatibi said Wednesday, IRNA reported.
Khatibi told that no precise price has yet been fixed by members of the Organization of Petroleum Exporting Countries (OPEC) as a yardstick for feeling the concern since there was no consensus about a specific figure.
Khatibi added some of the members believed in a price of 80-90 dollars per barrel while there were others who said it should be over 100 dollars pb.
Iran at present is holding the one-year rotating presidency of OPEC.
During the latest OPEC's ministerial meeting in Vienna on June 8, Saudi Arabia tried hard to convince the member states to demand changing oil production limits that have been in place since 2009, but it failed. Many countries stood up to Saudi's measure except for the United Arab Emirates and Kuwait that later refrained from entering talks. Iran, Ecuador, Venezuela and Angola and some other countries opposed the Saudi move.
Later, on June 22, Iran's former caretaker oil minister Mohammad Aliabadi said Tehran would strongly confront any possible move by the oil producing countries to affect market prices.
Aliabadi further described maintenance of the current production level by the OPEC members as the bloc's only weapon to control the prices, and reiterated, "We do not allow anyone to play with our national interests."