OPEC RECKONS WITH RUSSIA

Subscribe
VIENNA, April 18 (RIA Novosti) - Purnomo Yusgiantoro, OPEC President and acting Secretary General, and Indonesia's Minister of Energy and Mining Industry, intends to visit Russia.

He announced it yesterday at a gala commissioning of a hydropower plant in Subang, 120 kilometres east of Jakarta, Indonesian capital.

Mr. Yusgiantoro will discuss global energy market developments with Russian experts. Urgent debates are indispensable now with crude petroleum prices skyrocketing. He could not specify the time of his visit, and said only that it would precede a 131st extraordinary OPEC conference in Beirut, June 4.

Whatever the Organisation of Petroleum Exporting Countries has been doing of late means, above all, to stabilise world energy markets, balance out crude petroleum demands and offers, and bring oil prices back into their OPEC-established corridor of US$22-28 a barrel. Mr. Yusgiantoro is determined to explain it all in Moscow.

Russia is the world's second biggest petroleum exporter, coming after Saudi Arabia, with its daily offers exceeding 8.5 billion barrels. It is a must not only for the OPEC but for all oil drilling and importing countries to coordinate petroleum policies with Russia.

Russia and the OPEC have always come to terms on petroleum strategies. They will certainly do so now that the world owes its problems to geopolitics and exchange dealers, rather than to crude petroleum shortages, said Mr. Yusgiantoro.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала