Venezuela and Iran are seeking to stabilize the markets and the UAE is its share of the OPEC in good form
Reuters / Caracas-Dubai-Cairo
Venezuelan President Nicolas Maduro said onSaturday, after meeting with Iranian Foreign Minister Mohammad Javad Zarif said Venezuela and Iran continue to seek to reach a consensus on ways to achieve stability in the oil markets and the strengthening of OPEC.
Maduro said in a ceremony broadcast on state television , "We continue to build a common ground on a new consensus on achieve stability in the oil markets and the strengthening of industries and promote OPEC. "
he added that the ministers of oil, foreign Venezuelans will issue data in the coming weeks, but did not provide details on concrete moves.
it was Zarif arrived in Venezuela after visiting Bolivia and Ecuador.
Venezuela is seeking since the collapse of oil prices in the 2014 to drum up support among oil - producing countries in OPEC and outside of the increase in crude oil prices by reducing production.
but OPEC is still more focused on maintaining its market share with do not show Saudi Arabia little interest insupporting the production cuts.
on his part, Minister of energy of the UAE Suhail bin Mohammed Al Mazroui said that " the share of OPEC countries in the oil market at a good level when the organization is facing a decline in crude prices."
wrote Al Mazroui in the tweet on Twitter, on Saturday, "despite the conflicting views on the oil market situation , but we believe that market share countries good organization at this level. "
Mazroui expressed his belief that any future decision on crude production will require the participation of all Member States of the OPEC in addition to other top producers.
He wrote , without elaborating , " we do not deny the challenges in the market but we are confident that theoil sector in our will we soon have access to the balance needed in the market. "
meets OPEC members sidelines of the International energy Forum , which includes producers and consumers in Algeria from 26 to 28 September / September.
in the last week , said the Saudi energy Minister Khalid al - Falih told Reuters that" there believes that it isnecessary to do any "significant interference" in the oil markets at the present time. "
as Tariq Al - Mulla, Minister of Petroleum of Egypt , he said in a press statement that his country had paid $ 5.4 billion represents the total price of purchases of oil and natural gas from foreign oil operating in thecountry 's companies during 2015 -2016.
among the foreign companies that operate in the exploration and production of oil and gas activities in Egypt , the British BP , Dutch Shell and the Italian Eni.
Al Mulla said that "Egypt is also paid during the financial year 2015-2016 ending June 30 \ June $ 100 million in dues arrears of up to $ 3.4 billion compared with $ 6.3 billion at the end of 2013 ".
officials say foreign companies operating in Egypt said that their companies are pouring investments in the oil sector to recover funds spent by getting a percentage of the production of oil and gas fields .
Mulla said that his country plans "to pay for a new batch of dues ( the latter for foreign oil companies) during the last quarter of this year."
did not Mullah determines the size of the target installment repayment of indebtedness of foreign partners in the fourth quarter.
Maduro said in a ceremony broadcast on state television , "We continue to build a common ground on a new consensus on achieve stability in the oil markets and the strengthening of industries and promote OPEC. "
he added that the ministers of oil, foreign Venezuelans will issue data in the coming weeks, but did not provide details on concrete moves.
it was Zarif arrived in Venezuela after visiting Bolivia and Ecuador.
Venezuela is seeking since the collapse of oil prices in the 2014 to drum up support among oil - producing countries in OPEC and outside of the increase in crude oil prices by reducing production.
but OPEC is still more focused on maintaining its market share with do not show Saudi Arabia little interest insupporting the production cuts.
on his part, Minister of energy of the UAE Suhail bin Mohammed Al Mazroui said that " the share of OPEC countries in the oil market at a good level when the organization is facing a decline in crude prices."
wrote Al Mazroui in the tweet on Twitter, on Saturday, "despite the conflicting views on the oil market situation , but we believe that market share countries good organization at this level. "
Mazroui expressed his belief that any future decision on crude production will require the participation of all Member States of the OPEC in addition to other top producers.
He wrote , without elaborating , " we do not deny the challenges in the market but we are confident that theoil sector in our will we soon have access to the balance needed in the market. "
meets OPEC members sidelines of the International energy Forum , which includes producers and consumers in Algeria from 26 to 28 September / September.
in the last week , said the Saudi energy Minister Khalid al - Falih told Reuters that" there believes that it isnecessary to do any "significant interference" in the oil markets at the present time. "
as Tariq Al - Mulla, Minister of Petroleum of Egypt , he said in a press statement that his country had paid $ 5.4 billion represents the total price of purchases of oil and natural gas from foreign oil operating in thecountry 's companies during 2015 -2016.
among the foreign companies that operate in the exploration and production of oil and gas activities in Egypt , the British BP , Dutch Shell and the Italian Eni.
Al Mulla said that "Egypt is also paid during the financial year 2015-2016 ending June 30 \ June $ 100 million in dues arrears of up to $ 3.4 billion compared with $ 6.3 billion at the end of 2013 ".
officials say foreign companies operating in Egypt said that their companies are pouring investments in the oil sector to recover funds spent by getting a percentage of the production of oil and gas fields .
Mulla said that his country plans "to pay for a new batch of dues ( the latter for foreign oil companies) during the last quarter of this year."
did not Mullah determines the size of the target installment repayment of indebtedness of foreign partners in the fourth quarter.
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