Venezuelan minister to visit Moscow with stabilization plan for oil market

Venezuelan Oil Minister Eulogio del Pin is to pay a visit to Moscow to participate in talks.

It is reported that he is to hold a meeting with the head of Rosneft Igor Sechin and Russian Energy Minister Aleksander Novak.

"Del Pino will discuss the sharp drop in oil prices with Novak and Sechin, as well as how to balance the oil market. He will also present proposals for balancing the Venezuelan market,’’ Tass cites the source.