Venezuela is seriously considering the possibility of withdrawing from the Organization of the Petroleum Exporting Countries (OPEC), Bloomberg wrote citing sources.
– According to the report, Caracas discussed the idea of an exit with US officials, but the final decision is yet to be made.
– Venezuela’s possible withdrawal from the oil cartel could pave the way to greater US presence on the country’s territory, the agency wrote.
– Earlier, Canada’s The Globe and Mail newspaper reported that Venezuela may exit OPEC under pressure from US President Donald Trump, following the example of the United Arab Emirates.
– The Organization of the Petroleum Exporting Countries (OPEC) was established in 1960 at the initiative of the largest oil-producing countries – Venezuela, Iraq, Iran, Kuwait, and Saudi Arabia. After the UAE’s withdrawal, it will have 11 member states.
https://tass.com/economy/2178629