CARACAS, Wednesday December 24, 2008 | Update
Energy
The nations attending the Forum of Gas Exporting Countries
just want to have an organization, instead of a cartel to
set prices, said Venezuela's Minister of Energy and Petroleum
Rafael Ramírez.
"It is not a cartel; we just defend our national interests.
The purpose of the meeting is to have a more organized format,"
said Alexander Medvedev, of Russian state-run monopoly Gazprom.
Again, the issue of gas and Russia has been a matter of concern
in the West. At long last, the representatives of 15 exporting
countries, including Venezuela and Bolivia, met in Moscow
and announced on Tuesday the creation of an association.
After many hours of talks, they agreed on common bylaws and
elected Doha, Qatar, as the venue of the organization.
01:11 PM.
Economy.
Domestic inflation rate in Venezuela was 1.7 percent in January, at the same rate as in December 2009, despite currency devaluation at the start of the year decreed by President Hugo Chávez, a senior government source told Reuters on Tuesday.