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Russia and Venezuela confirmed the agreement to assist efforts to support stability on the international oil market

November 26, 2004

After Russian-Venezuelan talks were completed, the Presidents of the two countries signed a joint statement.

Russia and Venezuela will continue to promote dialogue between independent oil producers and OPEC member countries.

The statement notes an interest in progress of contacts between oil producing countries and consumer countries in the interests of ensuring stability of the international hydrocarbons market.

November 26, 2004