Venezuela launches new commercial strategy with Kazakhstan and Algeria

Source: Xinhua| 2017-09-12 05:26:34|Editor: yan
Video PlayerClose

CARACAS, Sept. 11 (Xinhua) -- Venezuela's President Nicolas Maduro announced a new commercial strategy with Kazakhstan and Algeria, ranging from the oil industry, air connectivity and investments in the Venezuela's "productive engines."

Maduro spoke to the TV station, Telesur, on Monday from Algeria, after meeting with the president of the Algerian Congress, Abdelkader Bensalah, and after previously visiting Kazakhstan.

"We have revised and taken decisions based on the oil agreement reached between countries of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC (members)," said Maduro.

He added this led to advances of the "governance" of the oil market and allow the "recovery" of crude oil prices, after the substantial fall seen since last year.

Maduro said he was seeking to convince Algerian investors to visit Venezuela and to get to know the "productive engines" of his country's Bolivarian Economic Agenda.

Maduro also commented on the results of his visit to Kazakhstan, where he took part in a summit of the Organization of Islamic Cooperation (OIC), in his capacity as president of the Non-Aligned Movement.

"We were impressed by the power of Kazakhstan...and we have taken a step towards this new center of Asian development," said Maduro.

Venezuela has been looking for new trade partners after harsh economic sanctions imposed by the United States.