TEHRAN- Iranian Oil Minister Bijan Namdar Zanganeh said Iran and Venezuela will support any necessary measure for stabilizing oil market, Shana reported.

The minister made the remarks in a meeting with his Venezuelan counterpart Eulogio Del Pino in Tehran on Wednesday.

Discussing current oil market conditions and ways of developing energy ties were among the main topics covered in the meeting.

According to Zanganeh, the compliance of OPEC members with the cuts deal has been 98 percent in August.

"The level of compliance will increase in the future." He said.

EF/MA