Quito, 25 nov (Andes).-, The chancellor of Ecuador, Guillaume Long, said Friday that he will travel tomorrow to Vienna (Austria) with "optimism" on a possible agreement within the Organization of the Petroleum Exporting Countries (OPEC) to set fees reduction of crude oil production by countries, following the agreement in Algeria to stabilize the price of crude oil.
“I believe that we are close to getting that agreement; I am going to Vienna with absolute optimism to try to stabilize again; no one here is shooting oil prices, but to stabilize them for our benefit and the benefit of the global economy," he told international media in Quito.
The chancellor confirmed that for his country it is a matter of the utmost priority to the impact of the falling costs of crude oil for their country, the second smallest producer among OPEC members, it should be preceded by Gabon.
he Pointed out that there is in the bosom of that body, "a sort of consensus" as to which none of its members would be looking to shoot the price of a barrel of 100 or 150 dollars, but aspire "to have stable and fair prices for the producer countries, and that, in addition, do not generate an instability such that we can plan in the energy industry".
In his opinion, the three-day meeting in Vienna could facilitate an agreement that can be extended to large producers, Not OPEC (Russia, Norway, Brazil, Mexico and Colombia), and to allow a balance in the market.
"it’s More what is good for us is to have a price reaches a certain balance so that the exporters can obviously have a fair price and that importers of the world economy in general can be a little not to be in such vagaries that affect a lot to the global economy and affect a lot the global finance because there are already banks in the world that are feeling the effects of the bankrupt oil companies, or the non-payment of debt, etc., etc., and is generating a lot of anxiety", said.
Long called historic the meeting of OPEC on 28 and 29 September in Algeria, the first in eight years in which the 14 members unanimously decided to lower the total production of 33.4 million barrels per day at a margin of between 32.5 and 33 million.
however, he said that they expect to define in Vienna, the quota per country, considering the important differences existing between the participants of the OPEC, which has been difficult to establish at the technical level, and to do this it is proposed that they be exempted three countries, Libya, Iran and Nigeria.
"I Think we are very close now to an agreement on total production, but we are very close to coming to agree on the total fee of each of the countries," he said.
he Indicated that he converses regularly with the secretary-general of OPEC, Mohammed Barkindo, and that the news is "very encouraging".
he Said that his country "has been one of the countries (…) that has encouraged the agreement” and noted that the role of Ecuador, has been to try reaching a consensus on the different blocks.
he Mentioned that they expect an approach in the austrian capital with Non-OPEC, in particular with Russia, which is the second largest producer on the planet (about 11 million barrels per day).
Ecuador, stated, agrees with Iran’s proposal, acknowledging that it has to recover its production before the UN sanctions, but has said that "there can be an increase in powder prices", while the authorities of Tehran expressed its willingness to try to reach an agreement. Ecuador also accepts the 2% reduction of the production or whatever the final agreement.
Asked around at the right price of a barrel of oil, for their country, Long said he would be happy with a gradual increase, spend the 50$ , I hope I reach 60$ , "but something that allows to invest in the medium and long term, that do not have that fear of re-collapse the barrel", after that fall in this nation andean experienced a fall of less than 20 dollars (between 15 and 18).
The statements of the chancellor Long match with the ecuadorian minister of Hydrocarbons Jose Icaza, who noted that it takes a reduction of production and a freeze of production, as the oversupply world does not allow the time for the stabilization of the prices of crude oil.
"we Hope that with the consensus agreed in Vienna to balance the global supply and demand so that we can have a reasonable price," said Icaza.
he Said the country supported a decrease to reasonable production depending on the countries and eventually a freeze of the production.
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