Elaborating on the OPEC agreement for cutting the production ceiling and the non-OPEC side's cooperation, Abutalebi said the second development will be settlement of regional conflict because Iran and Russia are to contribute to regional order, ranging from Iraq and Syria to Yemen, before it gets late.

The 171st OPEC session on Wednesday agreed on the output cut of up to 32.5 million barrels per day and Russia, as the big oil producer worldwide, announced it will cut 300,000 barrels per day of its production in harmony with OPEC.

Iran will be the only country not to cut the production in the first six months of 2017, rather it will be allowed to increase the output by up to 90,000 barrels per day. 

Following the OPEC deal, oil prices grew by 10 percent worldwide.

Energy market analysts hope the OPEC decision and collaboration of the non-OPEC party will push up the prices as high as about 50 to 55 dollars a barrel. The price for the OPEC basket of crude is around 43.83 dollars.