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Venezuela oil minister meets Qatar counterpart, to visit Riyadh Sunday

Venezuelan oil minister says he had a "good and productive" meeting with his Qatari counterpart

Published: Updated:

Venezuelan Oil Minister Eulogio del Pino, on a tour of oil producers to lobby for action to prop up prices, said on Thursday he had a "good and productive" meeting with his Qatari counterpart.

The Qatari ministry also said the two ministers "exchanged views and expectations in the short and long term", but gave no further details. Qatar's Energy Minister Mohammed al-Sada is the current holder of the rotating OPEC presidency.

Cash-strapped OPEC member Venezuela has been calling for an emergency meeting of producers to discuss steps to prop up prices, which are close to their lowest since 2003.

On Wednesday, Iranian news agency Shana quoted Del Pino as saying six producing countries, including OPEC members Iran and Iraq and non-members Russia and Oman, supported a producer meeting.

But so far, none of OPEC's Gulf members, including top exporter Saudi Arabia, has publicly backed a meeting.

The Venezuelan minister is scheduled to visit Riyadh for further negotiations. He is scheduled to meet Saudi Oil Minister Ali al-Naimi there on Sunday.