Reuters talked about a “decisive role” of Putin in the OPEC deal


Putin’s role in the OPEC agreement, according to which the cartel will reduce daily oil production by 1.2 million barrels. — up to 32.5 million barrels. a day was the key, reports Reuters, citing informed sources in OPEC and outside the organization countries. According to Agency sources, Putin played the role of mediator between Saudi Arabia and Iran, whose positions on the reduction of oil production did not coincide.

According to the Agency, Putin’s diplomatic effort to conclude an agreement within OPEC began in September of 2016, when on the sidelines of the G20 summit in Hangzhou he met with Saudi Prince Mohammed. The Agency notes that Putin and Prince Mohammed agreed to cooperate in reducing the excess of oil on the world market.

However, the agreement was under threat because the positions of Iran and Saudi Arabia remains deeply divided. A crucial role was eventually played a telephone conversation of Putin with Iranian President Hassan Rouhani, after which Rouhani and the head of the Ministry of petroleum of Iran Bijan Zanganeh discussed the situation with Iran’s spiritual leader Ayatollah Ali Khamenei, according to a source close to the Ayatollah. Khamenei in the meeting emphasized the importance of talks in Vienna did not yield to political pressure and did not agree to cut production. However, the Ayatollah changed softened his stance after Zanganeh described the strategy of Iran in the negotiations. The meeting also agreed on the importance of political lobbying, especially in relation to Putin.

“Our position was firm. Telephone conversation between Rouhani and Putin has played a major role. After Russia agreed to participate in production cuts,” Reuters quoted a statement Zanganeh Iranian state television.

Source Reuters Russian energy sector also notes Putin’s role in the agreement of Russian oil companies to cut production. “Putin wants a deal. Full stop. Russian companies will have to cut production,” he described the source of the decision-making process.

“The Ministry maintained vigorous contact with all parties”, — said the press Secretary of the President Dmitry Peskov information about the intermediary role of Putin in the transaction in OPEC. The representative of the Ministry of energy at the time of publication of the material did not respond to a request .

The decision of OPEC to reduce oil production has a positive impact on the oil market. The price of Brent oil in the course of trading on 1 December for the first time since mid-October has exceeded $53 per barrel. Minister of energy of Russia Alexander Novak said on 1 December that the oil production of Russia will be gradually reduced in the first half of 2017 from the level of 11.2 million barrels. a day on 300 thousand Barr. a day. Novak said that Russian companies reduced production “a must have for everyone in the same percentage.” The Minister stressed that the decision on production cuts to support all Russian companies.

With the participation of Polina Khimshiashvili and Timofey Dzyadko

Source