World Petroleum Congress Opens in Madrid
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Monday, 30 June 2008 |
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CEO’s of some of the biggest oil companies and Government ministers of
the largest oil producers have gathered in Madrid this week for the
World Petroleum Congress.
Over 3,000 delegates will explore ways to calm global markets at a
time of rapidly rising crude prices just ten days after emergency talks
in Saudi Arabia failed to agree solutions though the host nation did
announce that it will increase daily production by more than 200,000
barrels to 9.7 million.
Among those taking part in this week's conference are political
representatives from Nigeria, Russia, Venezuela, India, France and
Holland, the presidents of OPEC and the International Energy Agency as
well as bosses of the world's major international oil groups, including
ExxonMobil (USA), CNOOC (China), BP, Shell (Holland), Rosneft (Russia)
and Total (France).
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