Meeting of oil-producing countries is currently being prepared at Ministerial level

Meeting of oil-producing countries is currently being prepared at Ministerial level


OPEC plans to hold a meeting of oil-producing countries in February. The meeting aimed at discussing the formation of the Alliance with Russia and several other countries.

St. PETERSBURG, 28 Jan. A meeting of OPEC and other oil-producing countries, is tentatively planned for February, while preparing at the Ministerial level, said the head of Ministry Alexander Novak.

“The offer to meet at the Ministerial level. Actually, until the end no final agreement. If all Ministers would agree to be at the Ministerial level, if not at the expert level. We are ready, I am ready private part to accept,” said Novak journalists.

On Tuesday, OPEC made a loud statement aimed at the establishment of the Alliance with Russia and other oil-producing countries. The purpose of this Covenant must be to reduce production and stop the fall of prices for raw materials, reported The Telegraph. Earlier, the Secretary General of cartel Abdalla Salem al-Badri and the organization’s President Emmanuel IBE Cacique expressed the need for coordination of efforts of all countries to this end.

The head of “Transneft” Nikolay Tokarev after the meeting in the Ministry of energy of the Russian Federation with representatives of the Russian oil and gas companies have told reporters that Saudi Arabia came out with the initiative to lead a meeting of oil-producing States on the situation in the oil market and discuss the possibility of reducing its production, the OPEC meeting on this subject could take place in February.