Venezuelan president says foreign tour to stabilize oil market was a success

CARACAS, VENEZUELA, OCT 28, SPA -- VENEZUELAN PRESIDENT HUGO CHAVEZ HAS SAID HIS INTERNATIONAL CAMPAIGN TO STABILIZE THE WORLD OIL MARKET BY LOBBYING CONSUMER AND PRODUCER NATIONS WAS A SUCCESS.

ON HIS RETURN HOME AFTER A 20-DAY FOREIGN TOUR, WHICH TOOK HIM TO EUROPE, THE MIDDLE EAST, RUSSIA, CANADA AND MEXICO, CHAVEZ SAID HE HAD HELPED FORGE A CONSENSUS ON THE NEED FOR STABLE OIL PRICES AMONG THE ORGANIZATION OF PETROLEUM EXPORTING COUNTRIES, NON-OPEC PRODUCERS AND CONSUMER COUNTRIES.

'WE DO NOT WANT OIL PRICES TO SHOOT INTO THE CLOUDS, NOR DO WE WANT THEM TO PLUMMET TO THE GROUND,' CHAVEZ SAID.

CHAVEZ SAID HE AND FELLOW OPEC LEADERS SUCCEEDED IN COMMITTING CARTEL MEMBERS TO COMPLY WITH THEIR PRODUCTION QUOTAS A SIGNIFICANT STEP TOWARD RAISING PRICES.

HE SAID THAT RUSSIA, MEXICO AND CANADA SHARED OPEC'S GOAL OF 'SAVING PETROLEUM PRICES.'
 

Source: SPA©