Media: NSA-linked tools used in new large-scale cyber attackWorld June 28, 9:24
Russian helicopter crews hold drills in TajikistanMilitary & Defense June 28, 8:20
Japanese business delegation visits Russia’s Kuril IslandsRussian Politics & Diplomacy June 28, 7:30
Kiev, Paris agree to ‘revive’ Minsk deal ahead of Normandy Four meeting — PoroshenkoWorld June 28, 7:25
Diplomat vows CNN will not get off the hook with ash-covered toddler clipWorld June 28, 3:12
WADA move shows trust in Russia’s anti-doping measures — ministerSport June 28, 1:02
US disciplinary procedure against jailed Russian businessman Bout delayed — attorneyWorld June 27, 23:16
FIFA report on Russia’s 2018 World Cup bidding proves legitimacy of its win — deputy PMSport June 27, 21:08
FIFA report on Russia’s 2018 bidding dismisses Western media allegations — LOC chiefSport June 27, 19:53
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.