Venezuelaand Iran continue to seek consensus on ways to stabilize oil markets and strengthen OPEC, Venezuelan President Nicolas Maduro said on Saturday, following a meeting with Iranian Foreign Minister Mohammad Javad Zarif.
"We continue to build common ground and a new consensus on stabilizing oil markets, strengthening industries, strengthening OPEC," Maduro said in a ceremony broadcast on state television. He said Venezuela's oil minister and foreign minister would make announcements in the coming weeks, but did not provide details on concrete actions. Zarif arrived in Venezuela after visiting other Latin American nations including Bolivia and Ecuador.
Venezuela since the collapse of oil prices in 2014 has sought to rally support among OPEC and non-OPEC nations to boost crude prices by limiting production. The Organization of the Petroleum Exporting Countries, however, has remained more focused on retaining market share, with heavyweight Saudi Arabia showing little interest in backing output cuts.
About the author
Research Associate at Center for Islam and Global Affairs (CIGA) at Istanbul Sabahattin Zaim University
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Please
click
to read our informative text prepared pursuant to the Law on the Protection of Personal Data No. 6698 and to get information about the
cookies
used on our website in accordance with the relevant legislation.
6698 sayılı Kişisel Verilerin Korunması Kanunu uyarınca hazırlanmış aydınlatma metnimizi okumak ve sitemizde ilgili mevzuata uygun olarak kullanılan
çerezlerle
ilgili bilgi almak için lütfen
tıklayınız.