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Algeria Backs Venezuela on OPEC, Non-OPEC Summit to Boost Prices

  • Algeria wants higher oil price to ensure stable future supply
  • OPEC, Non-OPEC summit will only be held if success guaranteed
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Algeria supports Venezuela’s call for a summit among heads of state from OPEC and other oil-exporting nations in a bid to lift crude prices, Algerian Foreign Minister Ramtane Lamamra said. 

”Algeria has always been a pioneer when it comes to strengthening solidarity between producing countries,” Lamamra said Monday in an interview in Paris after meeting President Francois Hollande. “We would only convene a summit if its success is guaranteed; meetings at the level of ministers and experts will therefore precede such an event.”