English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Chinese leadership
- Selected Works of Deng Xiaoping

Home >> World
UPDATED: 15:39, April 05, 2005
Venezuela says OPEC decision has to be unanimous
font size    

Any decision by the Organization of Petroleum Exporting Countries (OPEC) on a production increase of 500,000 barrels per day has to be unanimously made, Venezuelan Energy Minister Rafael Ramirez on Monday.

Venezuela has not been consulted yet by OPEC about a possible increase in oil production, Ramirez said.

OPEC's president, Kuwaiti Energy Minister Ahmad Fahd al-Sabah, said Monday that the organization is studying a possible production increase.

OPEC decided on March 16 in Iran to increase its production by 500,000 barrels per day, to 27.5 million barrels. The cartel has promised an additional 500,000-barrel growth if prices remain high.

Venezuela is the world's fifth biggest exporter of crude, with a daily production of 3.1 million barrels.

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- China Forum
- PD Newsletter
- People's Comment
- Most Popular
 Related News
- Crude oil prices drop as OPEC may increase output

- OPEC considering 500,000 bpd increase to offset oil price hikes

- OPEC formally declares to raise quota by 500,000 bpd

- OPEC to have another discussion if oil prices remain high for 10 days: president

Online marketplace of Manufacturers & Wholesalers

Copyright by People's Daily Online, all rights reserved