Saudi Arabia seeks stable prices

The oil expert and deputy to the National Assembly, David Paravisini, reported that Saudi Arabia is working on the stability of crude oil prices for the benefit of oil-exporting countries.

“Saudi Arabia wants to defend oil prices; that they are not at the mercy of the big American transnationals that try to set prices according to the policies of the United States government”, said the oil expert when interviewed on VTV.

Paravisini explained that “the specific weight of Saudi Arabia is essential, because it is the world’s leading producer and exporter of oil.”

He explained that “Venezuela, in the OPEC market, has a 10% share that we have lost due to the effects of unilateral coercive measures against the country and these measures prevent the necessary investment to strengthen production.” He noted that the measures do not allow Venezuela access to international credits.

avenue for investment.

In this sense, the visit to Saudi Arabia of the President of the Republic, Nicolás Maduro, seeks to strengthen bilateral relations in order to generate benefits for both peoples.

Paravisini described the meeting of the Head of State with authorities of that country as historic. “These meetings have a fundamental historical significance, they have a transcendence. Saudi Arabia is a way in which Venezuela can resolve the investment issue, because they have experience and resources, ”he pointed out.

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