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Azerbaijan to attend OPEC meeting on Oct. 21

14 October 2015 07:59 (UTC +04:00)

Baku – APA-Economics. Venezuelan Oil Minister Eulogio del Pino said on Tuesday that eight non-OPEC countries have been invited to an Oct. 21 oil meeting: Azerbaijan, Brazil, Colombia, Kazakhstan, Norway, Mexico, Oman and Russia.

The technical meeting of oil experts from the Organization of Petroleum Exporting Countries and non-OPEC countries will be held in Vienna, he told Reuters.

"The confirmations are coming in gradually and I'm personally calling ministers to ensure that the delegation is of the adequate level of authority," del Pino said.

Venezuela, an OPEC member, will unveil a bold new strategy this month, taking a page from the organization's history books with a proposed price band to build an automatic floor for prices at $70 a barrel.