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