OPEC invited Russia to join the cartel as the associated member, Minister of Energy of Saudi Arabia Khalid Al-Falih told the journalists, interfax.ru reports.
“We invited Russia to join OPEC as the observer, associated member, and, I think, Russia considers this proposal. We are looking forward to their formal agreement. And I can assure you that the full membership in OPEC is welcome”, he said.
Minister of Energy of RF Alexander Novak reported that in its turn, Russia is ready to consider this proposal.
Previously, today, OPEC and non-OPEC countries negotiated the oil production increase up to 100% of execution of its obligations under oil production cut deal. The meeting, in which Russia participated, was held today. Just before, OPEC negotiated total oil production increase by 1 mln barrels per 24 hours, while the real growth of production will be 600 ths barrels per day.
