To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more




TOP STORIES
Unilever quits Facebook advertisement boycott

It's time to move on, the corporation considers



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
Photo Toinnov.com

   299

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.



Back to the list


Related Information: