Saudi Energy Minister: Russia is the only country that has not yet taken a decision on extending the
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Saudi Energy Minister: Russia is the only country that has not yet taken a decision on extending the OPEC agreement
Saudi Energy Minister Khalid al-Falih said Russia was the only remaining oil exporter to have yet to decide on the need to extend the global production agreement between OPEC and its allies until the end of the year.
Al-Falih said from Moscow today that he and his Russian counterpart Alexander Novak may have a last chance to discuss the deal this month at the G20 meeting in Japan before OPEC and its allies hold a meeting on production policy in Vienna.
Al-Falih said Saudi Aramco had offered to join Russian gas company Novatek in the LNG project in the Arctic, and he hoped Novatech would agree to Aramco's offer.
He also said that Aramco is also considering natural gas liquefied natural gas projects for Russian giants Rosneft and Gazprom and that it may be interested in investing in Russia's CIBOR Petrochemical Company.