Russian Energy Minister: No need for country to join OPEC

Russian Energy Minister: No need for country to join OPEC

Russia’s Energy Minister Alexander Novak

   WAAR-DUHOK:

 

Russia’s Energy Minister Alexander Novak considers it unreasonable for the country to join OPEC.

“I do not think it is necessary and reasonable,” he said in an interview aired by the Rossiya-24 TV news channel on Tuesday when asked about Russia’s possible joining the oil cartel.

“Fundamentally, the instruments being used today when we reach agreements (between) OPEC and non-OPEC countries, are quite functional. Meanwhile, we have no legal obligations that are rather complicated,” Novak added.

 

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