"I talked to Saudi Arabia’s King Salman yesterday, will speak with the emir of Qatar in coming hours, have sent a letter to [Russian] President Vladimir Putin, will also talk to Iranian President Hassan Rouhani, am in contact with [Ecuadorean] President Correa, OPEC members and non-member states as we are agreeing on a number of meetings in August – September," Maduro said on Tuesday.
He said that these meetings may contribute to stabilization of oil prices.
"This price, if necessary, can easily reach $70 per barrel; that will be normally accepted by economy and that will be a motor of economic growth," Maduro said.
Global oil prices plunged from $115 to less than $30 per barrel between June 2014 and January 2016, hitting their lowest levels since 2003 amid the ongoing glut in global oil supply and causing significant problems for energy companies and oil-producing countries.
In order to support oil prices, both OPEC member states and non-cartel members made a number of efforts to freeze oil output, but these attempts failed.
