The head of OPEC said the words Novak on Russia’s membership in the cartel


The Secretary-General of the Organization of countries-exporters of oil (OPEC) Mohammed Barkindo said that Russia deserve automatic decision in the cartel. The head of the organization said during the CERAWeek energy conference in Houston, reports TASS.

“It’s always nice to listen to (Russian energy Minister), Alexander Novak, I always agree with him, except one thing — that Russia is not ready to join OPEC. I told him then that, in my opinion, you deserve automatic entry into OPEC,” said Barkindo.

The Secretary General stressed that in response to these words, “Novak smiled at that characteristic smile.”

The day before, on 7 March, Minister of energy of Russia Alexander Novak said that in the near future Russia has no plans to raise the issue of membership in OPEC, because at this stage there is a “necessity and expediency” of engagement with countries exporting oil from the point of view of cooperation and the development of new technologies.”

Russia in 1998 is an observer in OPEC. Legally, this status allows the state to participate in the sessions of the Conference, expert meetings and other activities of the cartel with countries outside its membership. The organization in 2015, has already offered Russia to become a member of OPEC, but in Moscow decided to maintain the observer status.

In accordance with the concluded in late November, 2016 with the agreement of the member countries of OPEC, Russia has started to reduce oil production by 558 thousand barrels. a day. Member countries of the organization have agreed, in turn, to cut production by 1.2 million barrels. a day. March 2 Alexander Novak in an interview stressed that the government considers it possible “to reach one hundred percent agreement”, and expressed confidence that “in the coming months it will be implemented”. The OPEC Secretary General Mohammed Barkindo before expressed confidence that Russia will completely fulfill the obligations under the agreement on the reduction of hydrocarbon production.

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