Iran, Russia and Venezuela prepared to set up world oil bank

Oct 26, 2008 02:00 AM

Venezuelan Minister of Planning and Development Haiman El Troudi quoted President Hugo Chavez as proposing establishment of world oil bank. Following a meeting with Iran's Industries and Mines Minister Ali Akbar Mehrabian, he further added that Iran, Russia and Venezuela have so far announced their preparedness to set up the entity.
"Iran and Venezuela have taken numerous steps for promoting the level of ties, including setting up of joint fund and bank," he said, adding that many of Iranian companies are currently implementing different projects in Venezuela.

Iran-Venezuela ties are currently at the best level and powerful countries, which intended to mount pressure on them, are now on the verge of collapse, El Troudi said.
"We want to show to the world how the two countries are cooperating with each other," he said.

Mehrabian, for his part, said that several months ago, the two countries designed the plan for extension of Apure-Orinoco road and Iran conducted necessary studies and presented the results to that country. The plan was warmly welcome by President Chavez, Mehrabian said.
Stating that studies on the road will continue, he said, "We seek to sign an agreement on the extension of the road." Tehran-Caracas ties are deep-rooted and their presidents are firm in further deepening them, he said.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.

Cover_242-width

The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


 

Upcoming Conferences
« September 2016 »
September
MoTuWeThFrSaSu
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30

Register to announce Your Event

View All Events