Angola takes part in OPEC meeting in Vienna

11 September 2007

Luanda, Angola, 11 Sept – Angola will take part in the 145th ordinary meeting or the Organization of the Petroleum Exporting Countries (OPEC), scheduled for Tuesday in Vienna (Austria), officials said in Luanda Monday.

At the meeting, which will deal with the situation on the world oil market and setting production quotas, Angola will be represented by a delegation from the Oil Ministry headed by minister, Desidério Costa.

The meeting’s participants are expected to analyze the decisions made at a meeting held in March when the nominal oil production limit was maintained at 25.8 million barrels per day.

OPEC, which was created in 1960, brings together 12 member states: Angola, Algeria, Libya, Nigeria, Venezuela, Indonesia, Saudi Arabia, the United Arab Emirates, Iran, Kuwait, Iraq and Qatar.

Egypt, Mexico, Oman and Russia are have observer status in the organization. (macauhub)