He predicted that the deal OPEC members reached in Vienna last week can hike the prices up to $50 or even $60 per barrel.
The senior expert said OPEC by his recent decision showed it is still influential in the global oil market.
"The OPEC decision to cut production will guarantee further investments in the industry and raised oil prices," Amir Mo'eini added.
Two months ago in Algiers an agreement was outlined based on which the OPEC and non-members were obliged to cut their productions in order to stabilize the market.