Venezuela Says OPEC
Summit Political
Venezuelan Oil Minister
Rafael Ramirez said
Friday in this capital
that the Summit of the
Organization of
Petroleum Exporting
Countries' Chiefs of
State has a political
character.
ó The fact that oil
producing countries are
here protecting our
resources is a political
reality, ó Ramirez told
press shortly after
arriving in Saudi Arabia
to polish details of the
summit beginning
Saturday.
Venezuela considers it
is not necessary to
increase the oil offer
to alleviate the upward
trend of prices, the
minister pointed out,
and added ó we do not
come here to talk about
prices. ó
After rejecting the
vision that OPEC is a
merely economic
organization, the
minister stressed the
importance of the
political dimension of
the group, which
controls nearly 42
percent of world oil
production.
Otherwise, Ramirez told
press, ó we would be in
the hands of the World
Trade Organization or
any other international
agreement, which would
impose economic
conditions with terrible
political consequences
for oil producers.
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