UPDATE 3-Venezuela says eight non-OPEC nations invited to Vienna meeting
(Adds comment from Venezuelan president)
By Alexandra Ulmer
CARACAS Oct 13 (Reuters) - Venezuelan Oil Minister Eulogio del Pino said on Tuesday that eight non-OPEC countries have been invited to an Oct. 21 oil meeting: Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia.
The technical meeting of oil experts from the Organization of Petroleum Exporting Countries and non-OPEC countries will be held in Vienna, he told Reuters.
"The confirmations are coming in gradually and I'm personally calling ministers to ensure that the delegation is of the adequate level of authority," del Pino said.
Venezuela will unveil a bold new oil strategy this month. The OPEC country's long-time oil minister and current United Nations ambassador, Rafael Ramirez, told Reuters in an interview the proposal would reapply the old mechanism of progressive production cuts to control prices, with a "first floor" of $70 per barrel and a later target of $100 per barrel.
Price hawk Venezuela has been pushing to stem a tumble in oil prices, but faces an uphill battle to convince its richer Gulf counterparts and non-OPEC nations. The meeting's date was already known but the location and full list of invitees was not revealed until Tuesday.
President Nicolas Maduro said on Tuesday night the most important part of Venezuela's proposal was a suggested meeting of OPEC heads of state and non-OPEC producers.
"I think we're going to achieve it," he said in an hours-long televised broadcast. "Sometimes processes are slow, but we've already achieved the Oct. 21 experts' meeting." Continuación...