CARACAS, November 12 (Xinhua) – By 2019 the challenge for oil countries is "to maintain oil stability", but "they should not use hydrocarbons to attack the economies of the nations of the world," he said on Monday. Venezuelan Minister of Petroleum, Manuel Quevedo.
"The case of Venezuela can not be ignored: the attack on the economy of a petroleum-producing country tends to destabilize the world oil market," the minister said.
Quevedo has published the statements in its Twitter account, within the framework of the Exhibition and International Petroleum Conference (ADIPEC) 2018, which began today in the UAE and where its country is participating.
"In the panel" Reaxing the market: the global debate on energy continues ", in the ADIPEC 2018 we defend the fair prices of oil and we reject the sanctions of imperialism against Venezuela," said Quevedo.
The oil minister said that the Declaration of Cooperation among oil producing countries worked "to balance the world oil market" and that oil is "a tool for the development of peoples."
Quevedo also called to consider the international situation facing his country.
The ADIPEC 2018 International Petroleum Conference and Exhibition will be held from day 12 and will end on the 15th of this month, with 2,200 companies and around 110,000 attendees.
In recent months, international oil prices have maintained a sustained upward trend; However, there has also been a decline in the production of the resource in Venezuela.
According to a report published in October by the Organization of the Petroleum Exporting Countries (OPEC), Venezuela produced 42,000 barrels per day less oil in September compared to August; placing the production to just under 1.2 million barrels per day.