A conglomerate of Arab and Latin American countries are putting their support behind Venezuela in the ExxonMobil row, claimed Venezuelan President Hugo Chavez on Feb. 22.

In a television address, Chavez said, "I want to give my thanks for the support given to Venezuela by the conference of Arab and Latin American foreign ministers that just concluded in Buenos Aires."

The Summit held in Argentina comprised of 30 countries. With a combined population of 800 million people, Arab League Secretary General Amir Moussa said the consortium represented "an enormous market with great possibilities."

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