Russia proposes a mechanism to monitor crude oil exports

4 Oct 2017   OPEC, Russia

Ministers from the Organization of Petroleum Exporting Countries attending a conference in Moscow may take up export monitoring, Russia’s energy minister said. Russian Energy Minister Alexander Novak said he expected around 30 ministers from OPEC and non-OPEC producers to show up for a five-day conference in Moscow, which began Tuesday. Before they arrived, he said a mechanism to monitor oil exports could be added to agenda. “At the latest meeting we agreed to monitor oil exports,” he was quoted by Russian news agency Tass as saying. “This is a new instrument, which has not been clearly formed yet, which is why I think it will be one of the main issues on the discussion agenda from the viewpoint of export […]

Comments are closed.