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Russia plans to participate in the «OPEC» meeting in Vienna
8/18/2016 0:00
[rtl] Sabah ( Reuters ) -
Russia plans to participate in a meeting of the Organization of Petroleum Exporting Countries (OPEC) with raised market questions about the possibility of taking joint measures to install the display, while the raised market questions about the possibility oftaking joint measures to install the show.
He said Russian Energy Minister Alexander Novak: The «delegation Russia went to OPEC headquarters to discuss holding a future meeting of the energy dialogue between Russia and OPEC, a fashionable shape for the exchange of ideas between them ».
He« is scheduled to hold a meeting in October in Vienna, and that the exact date will be determined through diplomatic means in the near future », have risen prices of black gold last week because the market raises questions about the possible agreement between the major producing countries, whether they are members or not OPEC, to reduce the excess supply weighing on the markets.
during his visit to Vienna, the Russian delegation discussed with OPEC « the current situation of the oil market and expectations related to its evolution »and» aspects ofcooperation »between Moscow and the organization, as the Russian ministry said.
He said Novak for a newspaper, his country 's readiness to cooperate with Saudi Arabia to reach the stability of the market. For his part, OPEC President Mohamed Bin Saleh announced gentlemen last week for an informal meeting of its member countries on thesidelines of the International Forum of the fifteenth power of 26 to September 28 in theAlgerian capital Algiers.
It was Novak had announced earlier that his country would never participate in the tops (OPEC), because it is not a member of this organization, and it was Novak had told reporters: «we did not participate in OPEC meetings, and I think we are in this time also will not participate». the
Russian minister pointed out that Russia 's talks with «OPEC» countries, will continue actively as it was always, and may continue after that reach «OPEC» with its Member States to agree on price fluctuations in the global oil market.
during the past months, he has refused to OPEC, and its most prominent members Saudi Arabia, cut oil output in an effort to restore some stability to prices
crumbling.
this position that Riyadh was the most prominent claimants do, caused by the fear of losing the OECD share of the global market for the benefit of senior producers from outside. And failed states of OPEC and outside during a meeting in April in Doha, to agree on freezing production at January levels. One of the reasons for the failure, therequirement of Saudi Arabia - the biggest oil producers worldwide - the commitment ofbig producers , most notably Iran , which boycotted the meeting, to freeze production[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=121576
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