Venezuela will promote the establishment of an international oil bank

Venezuelan President to visit Qatar yesterday, Iran and Japan, he hoped that the establishment of a protocol signed by Venezuela - Iran's banks, after turning it into an international oil bank.

On the eve of President Chavez to visit published in the Sunday column in this set up once again brought up the idea of financial institutions, it has been in countries such as Iran and Russia to accept. Chavez said, "We will pass through the Persian Gulf, the Islamic Republic of Iran to conduct a working visit, where one important thing is to start in Venezuela - Iran's banks, it is our hope that in the future be turned into an international oil bank." At a discussion in 2008 on the world economic crisis in the South may be the answer to the meeting, Chavez again proposed the establishment of an Organization of Petroleum Exporting Countries (OPEC), Bank of mind. Early in 2000 a similar proposal for the OPEC failed to reach an agreement. Chavez believes that the United States arising from the financial crisis to make him return to the ideas become a multi-polar world, part of the plan. Last year, Chavez said that if OPEC should not make this progress in mind, he would recommend the establishment of an international oil bank, are interested can take part in the country. Chavez visit to Qatar and to attend the National League of Arab States and South America after the Summit, will visit Iran and Japan. He said Venezuela will be important and Japan signed a bilateral energy agreement. Venezuela - Iran bank's capital to 16 billion U.S. dollars, will be held April 2 or 3 start date, the two sides of the first 100 million U.S. dollars invested.

Source: www.in-en.com Mar. 31, 2009