Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia is not Going to Join OPEC
March 13, 2017 23:25


Russia is not considering the issue of joining the Organization of the Petroleum Exporting Countries (OPEC). This was reported by the Russia’s Energy Minister Aleksandr Novak within the frame of the CERAWeek Forum held in the American Houston (Texas), according to TASS.

“Today we are not considering the option of Russia joining OPEC, but our interaction with oil-exporting countries showed the necessity and feasibility of cooperation” - the Minister noted. According to his data, due to the lack of interaction with OPEC, the world industry has been unable to receive the additional 500 billion dollars of investments in recent years.

Novak also told that the Russian oil and gas complex had successfully overcame the sanctions of the United States, and companies have been able to reduce the prime cost of fuel production, which is an average of 10 to 15 dollars per barrel. “Oil production in Russia has grown by 400 thousand barrels over 2 years. We are open to foreign companies who want to participate in the implementation of projects in Russia” - he added. The Secretary General of OPEC Mohammed Barkindo, in his turn, stated that the organization had enough support from Russia at the moment.


Author: Anna Dorozhkina



You might also find interesting:

Big money raw over medicaments Russian Law: Parliament in Action Magnitogorsk Iron & Steel Steams Ahead Sochi 2014: Russian Olympic Medal Winners (updated) Moscow City Racing

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Soviet cartoons  de luxe hotels  Russian Cinema  Golden Eagle  Mercedes-Benz Fashion Week Russia  Magnitsky Act  Monuments in Moscow  Penza  medicine  Exhibitions in Moscow  Stanislav Lomov  Russian history  Russian market  Stanislav Lyubshin  Isaak Brodsky  Chechen republic  Lev Landau  Rostov-on-Don  Yuri Gagarin  Imperial Gargens of Russia   Urusovo  Exhibitions in Ryazan  Elena Roerich  Perm Region  Kulikovo Field Museum  Russian laws  Russian tennis  Transparency International  Defenders Day  Moscow traffic  Ryurik Site  ROSCOSMOS  Architecture Monuments  Nizhny Novgorod  censorship in Russia  technology  Russian Literature  Russia-US  Painting  Russian business  Archeology  Shtokman project  Russian churches  review  TykvaDAY  Russian directors  Transportation  Moscow  Shakira  Russian tourism 

Travel Blogs
Top Traveling Sites