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    A worker checks a valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of Kogalym, Russia, January 25, 2016

    Russia to Continue to Maintain Ties With Oil-Producing Countries - Kremlin

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    Moscow is in contact with oil-producing countries and will maintain these ties in the future, Kremlin spokesman Dmitry Peskov said Tuesday.

    MOSCOW (Sputnik) On Monday, Russian Energy Minister Alexander Novak and Venezuela's Oil Minister Eulogio Del Pino discussed the possibility of holding oil consultations with the members of the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel countries.

    "Russia has maintained, maintains and will continue maintaining contacts, and Russia is interested in these contacts with oil-producing countries," Peskov told reporters, commenting on the results of the meeting between Novak and Del Pino.

    He added that such links were essential for the Russian economy in light of the oil market volatility.

    The visit to the Russian capital is part of Del Pino’s tour of OPEC and non-OPEC countries in an effort to promote a stabilization of oil prices, which dropped to a 12-year low in mid-January, sliding below the historic level of $30 per barrel.

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    Tags:
    Oil, oil production, Eulogio Del Pino, Alexander Novak, Russia
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