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OPEC to Boost Cooperation With Non-Cartel Oil Producers, Russia

© AP Photo / Hasan JamaliOil production.
Oil production. - Sputnik International
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According to the newly-elected head of the organization, OPEC intends to continue strengthening cooperation with non-cartel oil producing states, especially Russia.

Pump jacks are seen at the Lukoil company owned Imilorskoye oil field, as the sun sets, outside the West Siberian city of Kogalym, Russia, January 25, 2016 - Sputnik International
OPEC Raises Russia’s Oil Production Forecast in 2016
VIENNA (Sputnik) The Organization of the Petroleum Exporting Countries (OPEC) intends to continue strengthening cooperation with non-cartel oil producing states, especially Russia, the newly-elected head of the organization said Thursday.

Earlier in the day, OPEC members at a meeting in Vienna decided to appoint former Group Managing Director of the Nigerian National Petroleum Corporation Mohammed Barkindo as the new secretary-general of the organization starting from August 1.

"We intend to strengthen our relations with non-OPEC and particularly Russia. I think there is a consensus among ministers at the conference that the dialogue and cooperation between us and the non-popes community is to be strengthened. That would be one of the priorities to go forward," Barkindo told reporters.

The issue of introduction country oil output quotas for members of the Organization of the Petroleum Exporting Countries (OPEC) should certainly be discussed, head of the cartel said.

Earlier in the day, OPEC members at a meeting in Vienna decided to appoint former Group Managing Director of the Nigerian National Petroleum Corporation Mohammed Barkindo as the new secretary-general of the organization starting from August 1.

"I think, it is pretty much worth to discuss it at the moment," Barkindo told reporters.

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