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Russian Federation : Alexey Teksler: "Russia Will Continue to Cooperate With Partners in the Energy Market"

Mar 08, 2018 (Euclid Infotech Ltd via COMTEX) --

The delegation of the Ministry of Energy of the Russian Federation headed by First Deputy Minister Alexei Texler took part in the international conference CerAWeek 2018.

Speaking at the plenary session "The Future of the Vienna Alliance: Cooperation within and outside OPEC," Alexey Texler said that Russia is closely cooperating with the Organization of the Petroleum Exporting Countries and plans to continue cooperation in the future.

The First Deputy Minister also added that the deal positively influenced the world oil market, made it more stable and predictable, increased the investment attractiveness of the oil sector.

At the same time, Alexey Texler stressed that the purpose of the agreement has not yet been achieved and the restoration of the balance in the oil market with the existing opening is planned in the second half of 2018.

A meeting was organized with representatives of investment funds investing in oil and gas companies, including the American shale industry where Alexey Texler discussed with them the current state and general direction of the global oil and gas industry in the face of growing competition. A meeting was also held with a group of investment funds of a general orientation, which noted the continued competitiveness and expediency of investing in the domestic economy and energy, even in the conditions of the established sanctions regime.

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