- Title: OPEC's Barkindo - OPEC/non-OPEC cooperation to outlive output deal
- Date: 31st May 2017
- Summary: MOSCOW, RUSSIA (MAY 31, 2017) (REUTERS) RUSSIAN ENERGY MINISTER ALEXANDER NOVAK TALKING TO MEDIA MEDIA (SOUNDBITE) (English) OPEC SECRETARY-GENERAL MOHAMMAD BARKINDO, SAYING: "The cooperation and the collaboration between us OPEC and non-OPEC will outlive the implementation process. Beyond the re-balancing of the market we are currently looking at a framework that will institutionalise this partnership between OPEC and non-OPEC on a sustainable basis." NOVAK AND BARKINDO TALKING TO MEDIA (SOUNDBITE) (English) OPEC SECRETARY-GENERAL MOHAMMAD BARKINDO, SAYING: "We believe that this cooperation is in the best interests of not only producers but also consumers and by extension - the global economy. For us we are putting in place if you like the building blocks for a Catholic marriage. We do not expect a divorce in this marriage." NOVAK AND BARKINDO TALKING TO MEDIA
- Embargoed: 14th June 2017 14:51
- Keywords: Russia oil OPEC
- Location: MOSCOW, RUSSIA
- City: MOSCOW, RUSSIA
- Country: Russia
- Topics: Economic Events
- Reuters ID: LVA0016J62NBH
- Aspect Ratio: 16:9
- Story Text:The current cooperation between OPEC and non-OPEC nations will outlive the present oil output cut deal, OPEC Secretary-General Mohammad Barkindo said on Wednesday (May 31).
"We believe that this cooperation is in the best interests of not only producers but also consumers and by extension - the global economy," Barkindo said on a visit to Moscow. "We are putting in place if you like the building blocks for a Catholic marriage. We do not expect a divorce in this marriage."
The preliminary dates for the next meeting of an OPEC/non-OPEC monitoring committee are July 22-24, and the meeting is to take place in Russia, Russia's Energy Minister Alexander Novak said. - Copyright Holder: REUTERS
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