"In the recent meeting, the OPEC member states agreed to hold an emergency meeting as soon as crude prices fall below $100 per barrel," Qassemi said, addressing an economic seminar in Tehran on Wednesday.
The oil minister said that the price of each barrel of crude for 2013 is estimated at above $100.
Qassemi said OPEC members are producing a total 30 million barrels of oil per day which is satisfactory, but cautioned that the cartel's output would be reduced if crude prices decline.
OPEC's daily basket price stood at $107.20 a barrel on Thursday. OPEC members meet next month to review output policy.
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Iranian Oil Minister Rostam Qassemi ruled out the possibility of decreasing oil prices in the market below $100 per barrel, but meantime said if the prices fall to that level the Organization of Petroleum Exporting Countries (OPEC) will be called for an emergency meeting.
News ID 183733
