Deputy Prime Minister of Russia Alexander Novak met
with OPEC Secretary General Haitham Al Ghais on the sidelines of the St
Petersburg International Economic Forum.
“Russia highly values the effectiveness of cooperation within the OPEC+ framework. Thanks to regular and trust-based working contacts, including with the OPEC Secretariat, we are able to align positions in advance, develop coordinated approaches, and make decisions at our ministerial meetings that take into account the interests of every OPEC+ member,” said Alexander Novak in his opening remarks.
In turn, the OPEC Secretary General commended the energy dialogue with Russia. He underscored the importance of partnership between the Russian Federation and OPEC at all levels and praised Russia’s leadership role within the Declaration of Cooperation as co-chair of the OPEC and non-OPEC ministerial meetings.
The parties discussed the situation on the global oil market, including in light of the escalation of the Middle East conflict, as well as Russia-OPEC cooperation both bilaterally and within the OPEC+ agreement.
Alexander Novak invited Haitham Al Ghais to attend the annual international forum Russian Energy Week, which will take place in Moscow from 15 to 17 October.
