Venezuela's President Urges Brazil to join OPEC

Venezuelan President Hugo Chavez said on March 31, Brazil, and other independent oil-producing countries joined the Organization of Petroleum Exporting Countries (OPEC) oil cartel will make this a new vitality.

Chavez is in the Qatari capital Doha, the leaders of Arab and South American countries on the summit made the remarks. He said that the 12 OPEC member states have nine members attended the summit in Doha.

Chavez later said he hoped soon to join OPEC, Brazil.

According to the Brazilian state-owned oil giant Petrobras (Petrobras) said, Brazil 4 quarter of last year at an average of 1.99 million barrels per day production of oil and natural gas.

Venezuela in South America, Ecuador, another OPEC member states to join OPEC in the process of re-played a significant role.

In addition, Venezuela is struggling to fight for Russia and other countries begin to pay attention to OPEC's production quota system.

Source: www.in-en.com Apr. 2, 2009