Venezuelan President, Nicolás Maduro, upon his return to Venezuela, asserted that his 13-day tour across China, Russia, Portugal and Member States of the Organization of Petroleum Exporting Countries (OPEC) (Iran, Saudi Arabia, Qatar, and Algeria) "was fruitful and successful for the plans of economic rebirth of the country."
"As a result of the oil war, there has been an abrupt slump in crude oil prices," Maduro stated in his speech from Miraflores Presidential Palace in a mandatory radio and television broadcast. He explained that in September 2014, the Venezuelan oil basket stood at USD 96 per barrel, and that on Friday, "it hit USD 38.5 per barrel;" this "is a very important matter of concern for all of us."
"While those people (Venezuelan opposition) are making a party because of the fall of oil prices, I have been devoted to defend the Venezuelan oil, the oil market, and sooner that later we will manage to raise the (oil) prices," President Maduro said.
In addition, the President informed that this week, technical committees from OPEC and non-OPEC countries would meet in Caracas, Venezuela's capital. "Our Foreign Minister, Delcy Rodríguez, and the Minister of Petroleum and Mining, Asdrúbal Chávez, are still closing the tour in other non-OPEC countries, such as Kazakhstan and Kuwait, gathering consensus for a new stage in the market. The stockholders have changed; we need to acknowledge it and be prepared," Maduro remarked.
Source: http://www.eluniversal.com/
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