Luanda 10/23/08 – Angolan Oil minister, José Maria Botelho de Vasconcelos, left Thursday Luanda for Vienna, Austria, to attend the extraordinary meeting of the Organisation of the Petroleum Exporting Countries (OPEC), called for October 24.
The meeting was initially set for November 18, but has been rescheduled in view of the need for urgent solutions to the fall of crude oil prices in the international market.
Speaking to the press at Luanda’s “4 de Fevereiro” International Airport, the minister said that some OPEC countries defend the reduction of crude oil production but, he added, Angola will not decrease its production.
OPEC was founded in 1960, in Baghdad, Iraq, aimed at unifying oil policies among member countries, by centralising the activity’s administration, which comprises the control of prices and production, thus regulating pressures on the market.
The Organisation of Petroleum Exporting Countries groups Angola, Algelia, Lybia, Nigeria, Venezuela, Equador, Indonesia, Saudi Arabia, United Arab Emirates, Iran, Iraq, Kuwait, Qatar and Gabon.