Date: 2 months ago   Category: Economy

Russia will join OPEC in the new status


The countries of OPEC and the state which are not entering into the organization decided to continue cooperation on a termless basis, having organized alliance. It on Monday, February 11, Interfax with reference to the draft of the charter of future association reports. The OPEC will play a role of the supporting organization in alliance. It is supposed that all members of alliance will voluntarily fulfill obligations assumed top-level. It will not create any rights and duties of legal character between participants. The rights of the countries for management of the natural resources will not be limited, as well as measures for implementation of development plans, including issues of climate change and the environment. Chairmen at ministerial meetings are going to be defined alphabetically. The purpose announced creation of the intergovernmental platform for joint support of stability of the oil market and technological cooperation. Also the alliance has to support the measures directed to long-term use of oil and decrease in pollution at its production and application. The mechanism of work of the new organization is planned to be discussed at the next meeting of OPEC on March 18 in Vienna. Earlier it was reported that Saudi Arabia suggested to reform OPEC that in a new format the cartel closely cooperated with group of the countries which will be led by Moscow. "The film of day" is more than important news in Telegram channel. Subscribe!

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