Venezuela calls on OPEC to subsidize oil for poor countries
VENEZUELA: Venezuelan President Hugo Chavez Thursday called on the
OPEC cartel to absorb the costs of the oil import bills of the world’s
50 poorest countries, predicting that the price of crude is “going to
continue rising.”
“OPEC, or some of its members, should take the responsibility to
supply these countries through special mechanisms, subsidies, donations,
agreements. It is not going to make us any richer or poorer,” he said at
a meeting of the non-aligned movement at Isla Margarita on Venezuela’s
northern coast.
Chavez said he thought the price of crude, which hit a new record
over 146 dollars a barrel in London trading on Thursday, would “continue
to rise, and not because (oil exporters) want it to; it is not our
fault.”
But, he said, “We should not allow the price of a barrel to fall
heavily on poor countries.”
Chavez repeated his earlier accusations that the climb of oil prices
rise past 100 dollars is to be blamed on tensions fomented by the United
States with Iraq, Iran and Venezuela.
But he also blamed the “exhaustion” of world petroleum reserves and
high demand in developed countries.
Caracas, Friday, AFP |