Russia is consistently backing fair oil price limits, Russian president Vladimir Putin said Monday opening the Kremlin negotiations with Venezuelan president Hugo Chavez. This viewpoint, the Russian leader stressed, was clearly formulated by Russian representatives at the OPEC session held in Vienna last September. Venezuela is currently presiding over the OPEC. As to bilateral cooperation, Vladimir Putin stressed that the dialogue between Russia and Venezuela was gathering steam. According to the Russian head of state, this will produce positive results and boost the two countries' harmonised efforts to steadily provide world raw material markets.