TELETRADER News
3/28, 8:41 AM (Source: TeleTrader)
more TeleTrader news

UAE: Russia irreplaceable in OPEC+

United Arab Emirates Energy Minister Suhail al-Mazroui stated at an industry event on Monday that, leaving political issues aside, Russia is a vital member of the OPEC+ group and its oil contribution is irreplaceable in the current global energy struggle.

Taking into account that almost every country has been faced with a natural decline in oil production, Al-Mazroui indicated that OPEC+ countries will continue cooperating and will not let political matters impact their joint functioning.

The statement comes after Saudi Arabia last week underlined the "essential" role of the OPEC+ agreement in preserving the balance and stability of the global oil markets.

Baha Breaking News (BBN) / SP