Venezuela's Maduro to speak on OPEC after push for meeting

lunes 14 de septiembre de 2015 18:05 GYT
 

CARACAS, Sept 14 (Reuters) - Venezuelan President Nicolas Maduro is set to speak about OPEC on Monday evening after an international tour to push for a heads of state meeting on low oil prices.

A senior government source close to the OPEC delegation said Maduro would make an announcement related to Venezuela's efforts to call a heads of state summit.

If one is called, it would be only the fourth in history. The last took place in Saudi Arabia in 2007.

Maduro has for months pushed for an emergency OPEC meeting, coordinating with Russia to curb tumbling prices, but Saudi Arabia and other prominent producers dismissed the idea.

In recent weeks Maduro said he had gained some traction in calling for a heads of state meeting.

"Today, on the 55th anniversary of the creation of OPEC, we will defend the fair price of national crude," said oil minister and president of state oil company PDVSA Eulogio del Pino on Twitter.

He is scheduled to participate in the event.

The South American nation has suffered heavily from low prices as it receives 96 percent of its foreign income from oil exports.

However, wealthy members of the Organization of the Petroleum Exporting Countries in the Gulf have driven a strategy shift since last year to allow prices to fall in order to maintain their market share.   Continuación...