OPEC president invites Nigerian president for next meeting in Caracas

Jul 17, 2000 02:00 AM

Jorge Valero-Briceno, president of the OPEC, said in Nigeria's capital Abuja that OPEC was planning a summit of heads of government of all its member states to find ways to further strengthen the organisation. The visiting OPEC president said shortly after his meeting with Nigerian President Olusegun Obasanjo that he had sent through the invitation message to Obasanjo for the meeting scheduled for a date between September 27 and 29 in Venezuelan capital Caracas.
The summit will be preluded by a session attended by ministers of foreign affairs, finance, and petroleum from all its member states, he said. The OPEC president, who is also a special envoy of the Venezuelan government, said the summit is part of the celebrations marking the establishment of OPEC.
On the increasing price of crude oil on the world market in spite of the injection of about 2.4 mm bpd more oil, Valero-Briceno said that the rising price was not the making of the organisation, which he said had taken all the necessary measures to check the price.

Source: Xinhua via Newspage
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