[Pen-l] Venezuela Wants International Oil Bank With OPEC, Russia, South America

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

Venezuela Wants International Oil Bank With OPEC, Russia, South America


http://www.plenglish.com/article.asp?ID=%7B41E7192A-1C0A-4B33-9B02-3A14314F3283%7D)&language=EN 


Prensa Latina
October 8, 2008


Chavez: Creation of Intl Oil Bank


Caracas - Venezuelan President Hugo Chavez again
suggested the creation of a bank of the Organization
of the Petroleum Exporting Countries OPEC or an
international oil-producing bank composed by two or
three nations.


"We already told Energy and Oil Minister Rafael
Ramirez to announce the initiative at OPECÂs
extraordinary meeting," Chavez expressed when
delivering the lecture: Answers of the South to the
world economic crisis, in session until Saturday.


In case they do not agree, we would then create a bank
with two or three countries, Chavez expressed,
mentioning Iran, Ecuador, Russia and Bolivia as
possible members.


"We have been saying this for years. We are going to
create in Latin America the necessary and sufficient
structures to keep our reserves safe.


"It is necessary to do it in a progressive way,"
Chavez highlighted.


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