German Olaf Langer appointed head coach for Russian women’s basketball teamSport September 20, 16:13
Amur leopard conservation center opens in Russian Far EastSociety & Culture September 20, 16:01
Germany 'takes note' of Trump’s statement on North KoreaWorld September 20, 16:00
Gazprom plans talks on ‘western route’ supplies in China soonBusiness & Economy September 20, 15:59
Russian Emergencies Ministry ready to send rescue workers to quake-stricken MexicoWorld September 20, 15:48
Moldova’s breakaway republic requests observer status at UNWorld September 20, 15:21
No Russian president will let Crimea secede from Russia in future — ex-German chancellorWorld September 20, 15:06
Russia, Algeria discuss possible deliveries of SSJ-100 aircraft and MC-21Business & Economy September 20, 14:52
Kremlin: Support for fictitious 'successor’ in poll shows Russians trust Putin’s HR policyRussian Politics & Diplomacy September 20, 14:49
CARACAS, June 10 (Itar-Tass) —— Venezuela’s President Hugo Chavez believes that the fair crude oil price must be at around 100 dollars per barrel.
“We find it alarming some OPEC countries abuse oil export quotas,” Chavez told the media on Saturday.
“I am not going to name the specific countries, that’s an internal affair of OPEC. We shall discuss it in order to achieve a fair level of oil prices,” Chavez said, adding that Venezuela’s minister of oil and mining industries, Rafael Ramirez, was leaving for an OPEC meeting within hours.
The average cost of a barrel of Venezuelan oil this week fell to 94 dollars. The annual average price for Venezuelan oil was 110 dollars, more than twice higher than the forecast of 50 dollars, incorporated in the state budget for 2012. Venezuela produces 2.97 million barrels of oil per day, 2.5 million of which is exported (mainly to the U.S. and China). It is the world's fifth largest oil exporter. Venezuela has the world's largest proven oil reserves, estimated at nearly 300 billion barrels. Most of this oil in the so-called Orinoco oil belt is heavy and superheavy.