OPEC countries to study possibility of creating a bank

Published September 28th, 2000 - 02:00 GMT

OPEC countries to study possibility of creating a bank - José Vicente Rangel 

Caracas, 27 September 2000 (Press Office of the II OPEC Summit).  

 

The creation of an OPEC bank will be studied by the countries belonging to the Organization presently gathered in Carcas for the II Summit of the Sovereigns, Heads of State and Government of the OPEC Member Countries. 

 

Venezuela's Foreign Relations Minister José Vicente Rangel, said that there is a possibility that this proposal could be included in the Caracas Declaration, the final document of the II OPEC Summit.  

 

"The Document (the Caracas Declaration) is being revised, and its contents will become known this Thursday, when the Summit closes. 

 

The Venezuelan Minister said that there was a possibility that Venezuelan President Hugo Chávez Frías would fly to Riyadh, the Saudi Arabian capital, at the beginning of next year, in response to an invitation made this Wednesday by Crown Prince Abdullah bin Abdulaziz Al-Saud. 

 

Minister Rangel also commented on the interest shown by France regarding the development of II OPEC Summit, and in this sense indicated the possibility of a future meeting between the EEC countries and the member nations of the Organization. "This morning, French Prime Minister Lionel Jospin spoke with President Hugo Chávez regarding a meeting." 

 

The Foreign Minister ended by saying that the II OPEC Summit, currently taking place in Caracas, goes beyond the oil approach; it's oil and something more, in terms of the political, diplomatic, economic and cultural projection. 

Source: OPEC/press releases 

© 2000 Mena Report (www.menareport.com)

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