Kremlin knows nothing about Snowden’s intentionsRussian Politics & Diplomacy January 18, 12:50
Russian lawmaker: McCain confirms US recognizes Russia’s growing world roleRussian Politics & Diplomacy January 18, 12:42
Kremlin: Issue on Crimea status not matter of discussion for MoscowRussian Politics & Diplomacy January 18, 12:31
Russia views Austria’s OSCE chairmanship program as pragmaticRussian Politics & Diplomacy January 18, 12:16
New movie marks return of Russian cinema to India’s silver screens after 25-year hiatusSociety & Culture January 18, 12:09
Senator says Russia should not abide by ECHR ruling on adoption ban for USRussian Politics & Diplomacy January 18, 12:00
Stunning Miss Universe 2017 candidatesSociety & Culture January 18, 11:46
Chinese Foreign Ministry: Beijing ready to boost cooperation with MoscowWorld January 18, 11:11
Trump says tweeting his only way to counteract dishonest mediaWorld January 18, 10:29
MEXICO CITY, September 6. /TASS/. Venezuelan oil minister Eulogio del Pino has praised the accords reached by Russia and Saudi Arabia on joint steps to stabilize the prices of crude oil, the press service of the oil ministry said.
"The statement (issued by Russia and Saudi Arabia TASS) is an important step in coordinating the joint steps by the largest producing OPEC member-state and one of the largest non-OPEC producers," the report said.
"Besides, this initiative falls in line with the strategy that Venezuela has been working on at President Nicolas Maduro's instruction in recent months in order to seal agreements between the largest producers of crude," the ministry said.
The report also recalled that Venezuela had submitted a concrete alternative proposal to the OPEC Secretary General and had asked to put it up for consideration at a ministerial meeting in Algeria in the format of the 15th International Energy Forum.
Venezuela was seeking to attain an agreement that would balance the positions existing within OPEC today would make it possible to stabilize supplies to the market, as wll as to establish the prices fair for producers.
Earlier on Monday, Russia and Saudi Arabia, whose output meets more than 21% of the global consumption of oil, signed a joint statement on the sidelines of the G20 summit in China on stabilizing the global market of oil.
Russian Energy Minister Alexander Novak told reporters the countries were mulling a freeze on the volumes of output for three or six months.