(PDVSA, 13.Feb.2017) – Venezuela’s Foreign Minister Delcy Rodríguez and Oil Minister Nelson Martínez visited the People’s Democratic Republic of Algeria to continue working visits to member a and non-member countries of the OPEC.
The officials discussed bilateral cooperation issues during their meeting with Algerian Foreign Minister Ramtane Lamamra, and Energy Minister Noureddine Bouterfa.
Algeria is a member of the Joint OPEC-Non OPEC Ministerial Monitoring Committee that oversees compliance with the production adjustment agreement of 24 oil producing countries.
The ministerial tour has included OPEC countries such as Iran, Iraq, Qatar, Kuwait, Saudi Arabia and Algeria, and not OPEC, such as Russia and Oman, following instructions by Venezuela’s President Nicolás Maduro, to continue with the Bolivarian Peace Diplomacy and strengthen relations with strategic partners in energy matters.
The initial OPEC decision to freeze production between 32.5 and 33 million barrels per day (MMb/d), with individual country quotas, was taken in Algeria. Venezuela made the proposal for non OPEC countries to join in the agreement.
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