• Live
    • Audio Only
  • google plus
  • facebook
  • twitter
News > Latin America

Maduro Proposes OPEC, Non-OPEC Summit to Stabilize Oil Price

  • The emir of Qatar, Tamin bin Hamad Al Thani, and Venezuelan President Nicolas Maduro.

    The emir of Qatar, Tamin bin Hamad Al Thani, and Venezuelan President Nicolas Maduro. | Photo: Reuters

Published 5 September 2015
Opinion

In a phone call with teleSUR, the Venezuelan president said an OPEC meeting was necessary and called on Colombia to use diplomacy

The president of Venezuela, Nicolas Maduro, proposed early Saturday a summit of heads of states of the Organization of Petroleum Exporting Countries (OPEC) to address new strategies to stabilize the oil market.

"I think a summit of the heads of states of OPEC is necessary. We proposed inviting oil producing countries that do not belong to the organization," the Venezuelan leader said from Qatar during a phone conversation with teleSUR Saturday morning. “We transmitted ideas for the stability of the oil market to all heads of state belonging to OPEC.” 

The ​Venezuelan president met Friday with Qatar’s Emir Tamim bin Hamad Al Thani to discuss strengthening economic and energy relations. Doha, the capital of Qatar is the final leg of his Asia tour.

A major goal of his visit to Qatar was find ways to stabilize the price of oil. On Thursday, after meeting with Russian President Vladimir Putin, in Beijing, Maduro tweeted that the world economy needed a minimum price of US$70 dollars per barrel of oil.

During the phone call, Maduro further reiterated the need to restore the stability of the price of a barrel of oil, according to the urgent energy demand worldwide. "Energy investments should have a floor and a ceiling. The demand is increasing. Oil at US$40 or US$50 does not maintain investments, we need a minimum of US$70."

Maduro also touched on the Colombian-Venezuelan border issue and said that his government was in the process of reordering the border and called on the Colombian President Juan Manuel Santos to use a diplomacy of peace. “I have faith in Colombia's president, I respect him, and believe in peaceful coexistence,” he added.   

Comment
0
Comments
Post with no comments.