President Maduro speaks with Mohammed Barkindo about world oil stability

Venezuelan Head of State Nicolás Maduro held a telephone conversation Wednesday morning with Secretary-General of the Organization of the Petroleum Exporting Countries OPEC Mohammed Barkindo.

“I spoke by phone with Mohammed Barkindo, OPEC secretary-general. We talked about the importance of following up the entry into force of the agreement that will enable the oil market stability and contribute to the well-being of the world economy,” informed the Venezuelan president on his Twitter account @NicolasMaduro.

In order to continue looking for solutions to favor the world oil stability, permanent conversations are held with the highest authority of this international organization that has a great influence over the oil market, especially if it decides to cut or increase its oil output.

By early April, the OPEC+ reached an important deal, also endorsed by the G-20 group, making it “the biggest, most important oil agreement in the world’s oil history to reach nearly 15 million barrels in May that will go on to the market,” stressed the Venezuelan president regarding the scope of this agreement.

President Maduro said that, after this agreement was reached, “the decision has had an immediate impact on oil prices. This will enable the stability of the market and the recovery of prices, in a context where OPEC+ is the backbone of the world’s financial stability.”

The Venezuelan president said that in a post-pandemic economy a stable oil market and fair oil prices will be key for the financial world to hold up.

So far, Venezuela and the OPEC secretary-general have closely worked together so that the OPEC+ agreements can make way for the complete recovery of the oil market and fair prices.

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