Russia is to visit OPEC meeting in December

The news was announced by energy minister Sergei Shmatko.

The biggest non-Opec oil exporter, Russia has long attended Opec meetings as an observer, but made the West sit up and take notice by sending its highest level delegation, headed by influential Deputy Prime Minister Igor Sechin, to the September conference.

As it can be seen the trend is going to be continued. Though Russia is not expected to join Opec, it has seized an opportunity to pursue its policy of closer ties with fellow producer countries.

Author: Ksenia Kochneva