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RUSSIA: OPEC-MOSCOW OIL MEETING PLANNED FOR MARCH.(Organization for Petroleum Exporting Countries to meet with Russian officials over Russia's oil exports)(Brief Article)
IPR Strategic Business Information Database, February, 2002
The Organization for Petroleum Exporting Countries (OPEC) will send a high-ranking delegation to Moscow in early March to lobby Russia to prolong a curb on its exports, Reuters reported. OPEC Secretary-General Ali Rodriguez and OPEC President Rilwanu Lukman plan to meet Russian Prime Minister Mikhail Kasyanov on 3-5 March.
"We are trying to win the support of Russian oil companies for an extension to the cuts beyond the first quarter," stated an OPEC official who preferred not to be named. Russia, which ranks second in oil exports after Saudi Arabia, agreed to restrict crude sales for three months from 1 January. It was one of five non-OPEC countries to cooperate with OPEC as that group reduced supplies for a fourth time in a year to prop up sagging prices. OPEC...
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