Baku 12° C
OPEC seeks long-term cooperation with Russia
Energy
- 28 March, 2018
- 11:37
Baku. 28 March. REPORT.AZ/ OPEC is seeking “very long-term” cooperation with other crude exporters including Russia.
Report informs citing the Reuters, Saudi Crown Prince Mohammed bin Salman said on Wednesday.
Russia, the world’s biggest oil producer, has worked with the 14-member Organization of the Petroleum Exporting Countries in previous oil gluts to rein in supplies and push up prices, but a 10 to 20-year deal between the two would be unprecedented.
According to Saudi Crown Prince, there is such an agreement, but its details have not yet been worked out.
Author
Latest News
13:08
France faced €5.2B in damage from natural disasters in 2025
Other countries13:01
US, Israel temporarily remove two Iranian officials from target list
Region12:49
UK authorizes military to board Russian shadow fleet tankers
Other countries12:36
IMF running scenarios on which nations may need aid due to Iran war
Other countries12:27
Netanyahu spokesman quits
Other countries12:16
Ilham Aliyev congratulates his Bangladeshi counterpart on Independence Day
Foreign policy12:05
Trump team examines what oil as high as $200 a barrel would mean
Energy11:56
President Vučić says gas agreement with Azerbaijan is crucial for Serbia
Other countries11:44