There has recently been much said about the possibility of Russia joining the OPEC oil cartel. According to Qatar's oil minister Abdullah bin Hamad Al-Attiyah, Russia's presence in OPEC would greatly add value to OPEC. He stated that, "Russia is the second largest oil exporter, (behind Saudi Arabia), and as such have a strong role in world oil markets." While Russia has supported cooperation, there is little chance they will seek full membership. Considering OPEC's recent penchant for quotas and strict limitations, Russia really has nothing to gain from a membership in OPEC. As Eric Watkins, author of this article states, the Russians will most likely continue saying "Nyet."See the article here with Lexis Nexis Access.
OR
See a copy of the article here. -V
No comments:
Post a Comment