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OPEC's ministers for finances meeting to be carried out in Venezuela
ABN
MONTEVIDEO
Petroleumworld.com 08 30 07
The next meeting of ministers for finances of the Organization of Petroleum Exporting Countries (OPEC) expected to be carried out in 2009 will be in Venezuela, the Minister of the People’s Power for Finances, Rodrigo Cabezas, informed this Tuesday.The information was given during the ministers for finances meeting that is currently taking place in Vienna, Austria.
Cabezas pointed out that the decision was supported by other OPEC’s country member ministers: Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, Iran, Indonesia, Gabon, and Algeria.
Furthermore, he assured that during the meeting taking place in Vienna “it was approved the incorporation of Venezuela to the Investment Committee of the OPEC Fund for International Development (OFIC), formed by Kuwait, Saudi Arabia, and Iran. Venezuelan Government made the proposal last June”.
Vice-minister for Finances, Rafael Isea, will be the Venezuelan representative to OFIC, Cabezas said.
“We conquered an important space inside the organization, most of all for Latin America, because we want (OPEC) to look a little more to the region”, he emphasized.
Translated by Ernesto Aguilera
matthaba.net/
ABN
August 29, 2007Copyright© 2007 ABN. All rights reserved.
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