Venezuela’s Maduro expected to visit Russia, Putin’s oil point man says

Russia is anticipating a visit by Venezuelan President Nicolas Maduro, President Vladimir Putin’s oil point man Alexander Novak said on Monday. A source known with the plans told Reuters that the visit would happen during the last months of the year. “We understand the need of continuing collaborative work to stabilize the global energy market, involving in the OPEC+ format,” Russian Deputy Prime Minister Novak said. Novak said such attempts were “specifically in the context of attempts by Western nations to usage the demand for energy resources as an instrument of political pressure.

” Novak was talking during a meeting of a Russia-Venezuela inter-governmental commission in Moscow. “Our solidarity approach is a determining factor in making sure a prominent balance of supply and requirement in the oil market, keeping updated the investment attractiveness of the industry and countering speculative sentiment,” Novak conveyed. Venezuela boasts the world’s hugest proven oil reserves. Russia is the world’s second hugest oil exporter.