Venezuelan Energy and Petroleum minister Rafael Ramírez Tuesday in Vienna warned against the negative effects on oil prices if a dispute over Iran controversial nuke program is taken to the UN Security Council, Efe reported.

"Pressure on producers is to affect prices. (Oil prices) are likely to soar," said the official. The Venezuelan government is one of Iran's strongest allies in Tehran dispute with the international community.

The five permanent members of the UN Security Council, namely US, Russia, China, France and the United Kingdom, together with Germany, agreed in London to take Iran nuclear dossier to the UN Security Council, which has the capacity to impose sanctions on Tehran.

"Venezuela is to support Iran's stance. We disagree with any sanction regarding Iran," Ramírez told reporters ahead of a ministerial meeting of the Organization of Petroleum Exporting Countries (OPEC) taking place Tuesday in Vienna.

"What the United States need is to manage oil in a more responsible way. Not only did they stage a coup in Venezuela in 2002. They invaded Iraq and it has been a mess. And now they are putting pressure on Iran," he added.

"It has been a permanent policy of the United States to take our (oil) reserves violently. The world is paying for the US aggressive foreign policy," Ramírez ensured.

Further, Ramírez confirmed OPEC decision not to cut oil output at the current meeting, but stressed that such a reduction would be assessed in their next summit on March.

"There is more than 50 percent probabilities," to cut pumping in March 8th meeting. He added that OPEC production would be reduced by "500,000-1 million bpd."