Luanda — A delegation from the Angolan Oil Ministry, led by the incumbent minister, Botelho de Vasconcelos, is to travel this week to Austria to attend an extraordinary session of the Organisation of Petroleum Exporting Countries (OPEC), summoned for this weekend, aimed at finding urgent solutions to the abrupt fall in crude oil price.

The crude oil barrel is being traded, in New York, at the price of USD 70,00, against all expectations in the international market.

A communiqué from the mentioned organisation states that after consultation among OPEC's president and his colleagues, the secretary-general, Abdalla Salem El-Badri, summoned an extraordinary meeting for October 24, instead of November 18 as initially scheduled, in face of the seriousness of the situation of prices instability in the international market, in the last few days.

The OPEC members, a cartel with a production estimated at over 30 million barrels a day, will be gathered this weekend in Vienna, Austria, to find appropriate solutions to the instability of crude oil price recorded lately.

Besides the Oil minister, the Angolan delegation to the meeting also comprises the national director for oil issues, Amadeu Azevedo, the director for trade, Alcino Ferreira, and the country's governor in OPEC, Félix Ferreira.