Venezuela plans for OPEC summit complete

Preparations for next month's Organization of Petroleum Exporting Countries' summit of heads of state in Caracas are complete, according to Venezuelan Deputy Foreign Minister Jorge Valero, who also heads the presidential commission responsible for organizing the gathering. A preliminary draft of a declaration that will be reviewed by the OPEC foreign, finance, and oil ministers, and later signed by the heads of state and sovereigns, has been completed, said Valero.

Aug 31st, 2000


CARACAS�Preparations for next month's Organization of Petroleum Exporting Countries heads of state summit in Caracas are complete, according to Venezuelan Deputy Foreign Minister Jorge Valero, who also heads the presidential commission responsible for organizing the gathering. A preliminary draft of a declaration that will be reviewed by the OPEC foreign, finance, and oil ministers, and later signed by the heads of state and sovereigns, has been completed, said Valero.

The document, among other things, underlines the need to adapt OPEC to the new demands of the international economy, promote a constructive dialogue among oil producers and consumers, and strengthen ties between OPEC member countries and oil producers that do not belong to the organization, including Russia, Oman, Mexico, Norway, and Angola. Another key aspect of the document, Valero said, deals with the need to strengthen ties among OPEC nations.

Valero said the heads of state and sovereigns of OPEC member countries are scheduled to arrive in Caracas Sept. 26 and will be welcomed at the Simon Bolivar International Airport at Maiquetia by Venezuelan President Hugo Ch�z.

"On 27 September, during the morning, there will be a meeting of foreign, finance and oil ministers. During the afternoon, there will be the possibility of exchanges and meetings among those ministers," he said.

The second OPEC summit will be formally opened Sept. 28 at the Teresa Carreno theater complex, said Valero, adding that Algerian President Abdelaziz Bouteflika would speak at the opening ceremony, followed by President Chavez.

On Sept. 29, some visiting delegations will sign accords with Venezuela to form high-level mixed commissions that will be charged with defining areas of bilateral cooperation, he added.

The Venezuelan armed forces will be responsible for security during the summit. The event is expectd to cost $12-13 million dollars.

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