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Venezuela's
President Nicolas Maduro (C) attends the 17th Non-Aligned Summit in Porlamar,
Venezuela September 17, 2016. Photo: Reuters/Marco Bello
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Venezuelan President
Nicolas Maduro said on Sunday that OPEC and non-OPEC countries were close to
reaching a deal to stabilize oil markets and that he aimed for a deal to be
announced this month.
Reuters
report continues:
OPEC
members may call an extraordinary meeting to discuss oil prices if they reach
consensus at an informal gathering in Algiers this month, OPEC
Secretary-General Mohammed Barkindo said during a visit to Algeria, the
country's state news agency, APS, reported on Sunday.
Maduro,
an oil price hawk who was speaking at the end of a summit of the Non-Aligned
Movement on Margarita Island, Venezuela, where diplomats also met to discuss
the oil market, said a deal was imminent.
"We
had a long bilateral meeting with Rouhani. We're close to a deal between OPEC
producer countries and non-OPEC," Maduro told a news conference.
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Venezuela's
President Nicolas Maduro (centre R), Iranian President Hassan Rouhani (centre
L) and other presidents, leaders and head of delegations pose for a family
photo during the 17th Non-Aligned Summit in Porlamar, Venezuela September 17,
2016. Photo: Reuters/Marco Bello
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Iranian
President Hassan Rouhani, who attended the summit, said Tehran supported any
move to stabilize the global oil market and lift prices, according to the
Iranian Oil Ministry news agency, SHANA.
Venezuela
has been seeking an oil deal for years as its state-led economy reels under low
oil prices, and has often said it was close to reaching an agreement.
OPEC
members will meet on the sidelines of the International Energy Forum, which
groups producers and consumers, in Algeria from Sept. 26 to 28. Non-OPEC
producer Russia is also attending the forum.
The Organization of the Petroleum Exporting Countries will probably revive talks on freezing oil production levels when it meets non-OPEC nations in Algeria, sources have told Reuters.
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