The Organization of Petroleum Exporting Countries said Thursday it supports the democratically elected president of Ecuador.
The Organization of Petroleum Exporting Countries said Thursday it
supports the democratically elected president of
Ecuador
.
OPEC also said
Iran
will
take presidency of the cartel next year.
Earlier Thursday OPEC decided again to keep its production policy unchanged.
Meeting for the first time since March, OPEC ministers decided to keep their
production quotas at the same level they have been since December 2008.
The move follows similar decisions by OPEC in 2009 and in March 2010 to keep
the quota system unchanged.
The cartel's decision, widely expected, comes as oil producers continue to
enjoy strong and consistent oil prices. At the same time, the decision came
flagged with concern about the uncertainty over the health of economic recovery
and the weak U.S. dollar, which is undercutting the purchasing power of many
OPEC states.
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