English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> World
UPDATED: 10:52, December 27, 2005
Russia, OPEC vow to enhance cooperation in energy security
font size    

Russia and the Organization of Petroleum Exporting Countries (OPEC) pledged on Monday to enhance their dialogue aimed at ensuring market stability and energy security.

During talks with visiting OPEC President Sheikh Ahmad Fahad Al- Ahmad Al-Sabah, who is also Kuwait's Energy Minister, Foreign Minister Sergei Lavrov hailed Russia's cooperation with Kuwait and OPEC and expressed the hope that cooperation with OPEC "will help reach balanced agreements, which meet the interests of both energy producers and consumers."

Energy security will figure high on the agenda of the upcoming summit of the Group of Eight (G-8) industrialized countries as Russia takes over the G-8 presidency on Jan. 1, Lavrov said.

Russia is the world's second-largest crude oil producer and exporter and the number-one gas producer and exporter.

At a meeting with Industry and Energy Minister Viktor Khristenko, where Russia and OPEC set up the framework of their energy dialogue, Sheikh Ahmad said an enhanced dialogue among producers, in particular between Russia and OPEC, "will benefit globally both producers and consumers, contribute immensely to market stability and improve energy security."

"It will assure consumers, especially those in developing countries with rising demand, of assured and reliable oil and gas supplies to fuel their economic development in the twenty first century," he said.

OPEC, founded in 1960 and headquartered in Vienna, groups 11 members: Saudi Arabia, Iran, Venezuela, Kuwait, the United Arab Emirates, Iraq, Nigeria, Libya, Indonesia, Algeria and Qatar.

Source: Xinhua

Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this

- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- Russia warns Ukraine against siphoning off Europe-bound gas

- Georgia refutes Russian criticism over visa issue

- Russia drops case against Ukrainian former PM

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved