The 1st South American Energy Council was inaugurated on Thursday by Venezuela's Energy Minister and also president of Venezuelan state Oil (PDVSA), Rafael Ramirez, at PDVSA's headquarters in Caracas.
"All South America is working on the energy issue," said Ramirez.
The South American Energy Council (CES) was created by means of the Margarita Declaration, signed during the 1st South American Energy Summit, held on April of 2007 in Venezuela's Margarita island in the Caribbean.
The energy ministers' closed-doors private meeting will be carried out without the press' presence and its results will be presented to Venezuelan President Hugo Chavez.
The meeting's central issues will the regional energy security and the oil price hikes.
Meanwhile, Ramirez announced the incorporation of the 30,000 billion barrels of crude oil to the additional proven reserves, during the oil reserve certification process begun in 2007 with PDVSA's nationalization.
The meeting's also discuss the Bolivia's territorial problems. Bolivia's Santa Cruz department carried out an autonomist referendum on Sunday and 80 percent of the votes are in favor of the Autonomous Statute, against the government of Bolivian President Evo Morales.
The CES meeting is a step prior to the meeting South American presidents will hold in Brasilia, Brazil on May 23.
The meeting is being attended by representatives from Argentina, Bolivia, Brazil, Colombia, Chile, Ecuador, Uruguay, Guyana, Venezuela, Peru, Paraguay, among others.
Source:Xinhua
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