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Sechin believes that OPEC is more dead than alive

The oil cartel is no longer able to control the market of black gold

11.May.16 5:55 AM
By Svetlana Siuhina


Sechin believes that OPEC is more dead than alive
The head of "Rosneft" Igor Sechin in an exclusive interview with Reuters noted the internal contradictions within the leadership of the oil cartel and its inability to influence the oil market. The head of the state Corporation Sechin is the only one who opposed the agreements with OPEC and now, after the failure of negotiations in Doha, gave the first comment to the press.

"On the existing global oil market is influenced by a number of objective factors, which excludes the possibility to impose its will on the market. As for OPEC, it practically ceased to exist as a unified organization," - said Sechin. He also said that Russia should have its own strategy, and it will fight for its niche in the global market.

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