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VENEZUELA and Russia were set to discuss responses to US fixing of the oil market in Tehran yesterday.
Venezuelan President Nicolas Maduro and his Russian counterpart Vladimir Putin were due to meet in the Iranian capital to discuss stabilising oil prices — a matter of utmost interest to two of the world’s leading hydrocarbon exporters.
The meeting was due to take place on the sidelines of the one-day Gas Exporting Countries summit.
Mr Maduro has said that the current slump in oil prices caused by overproduction is part of Washington’s “economic war” against his country.
Speaking at the opening of a new government housing development in Zulia state — funded by oil revenues — the socialist president said: “A stable price is beneficial for the world economy … Oil should not be used to wage political, biological or economic wars.
“There will be no imperial manoeuvre from Washington that will continue harming producing and exporting countries who want stability and a fair price.”
The left-wing governments of hydrocarbon-producing Latin American nations such as Bolivia and Ecuador have also been forced by the crisis to cut their national budgets.
Mr Putin also held talks with Iran’s Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani over the war in Syria.
The Russian government’s website announced that Mr Putin had lifted a ban on exporting uranium-enriching equipment for Iran’s peaceful nuclear energy programme.
It said that such exports were no longer restricted since July’s deal between Iran and six world powers.