Subscribe free to our newsletters via your
. 24/7 Space News .




ENERGY TECH
Analysis: Russia courts OPEC
by Stefan Nicola
Berlin (UPI) Sep 12, 2008


disclaimer: image is for illustration purposes only

Russia has courted OPEC with a memorandum to forge closer ties, a move that, if realized, would increase the power of oil-producing nations and further weaken importers in Europe, observers say.

Observers at the most recent meeting in Vienna of the Organization of Petroleum Exporting Countries said the Russians were the biggest delegation ever from a non-OPEC country: Together with 20 high-ranking officials from Russia's economic and political scene, Igor Sechin, Russia's deputy prime minister, delivered a memorandum to the conference.

"OPEC is Russia's key partner on the global oil market," Sechin, who also chairs Russia's largest oil company, Rosneft, was quoted by RIA Novosti as saying. "We are putting forward an initiative to establish a regular energy dialogue between Russia and OPEC, the main goal of which will be to contribute to providing sustainable stability on the oil market in the interests of all participants."

Russia is also interested in a "mechanism for regular coordination, information exchange and market analysis and forecasting" with OPEC, Sechin said.

OPEC said it was willing to review the memorandum and look for ways in which cooperation could be increased. Including Russia would boost OPEC's profile, as Russia has the world's eighth-largest crude reserves.

OPEC's secretary-general, Abdallah Salem el-Badri, will travel to Moscow to discuss with Russian leaders further details of the intensified cooperation; he has promised, however, that a decision won't affect the consumer at all.

Experts are not so sure about that.

Russia would increase its clout, once tied to OPEC, and consumers in Europe may suffer as a result, said Stefan Meister, Russia expert at the German Council on Foreign Relations, a Berlin-based think tank.

"For importers in Europe, it could become harder to find alternative suppliers or to have an influence on prices," Meister told United Press International in a telephone interview. "Russia certainly wants to increase its energy leverage."

OPEC has 12 member states: Algeria, Angola, Venezuela, Iran, Iraq, Qatar, Kuwait, Libya, Nigeria, United Arab Emirates, Saudi Arabia, Ecuador. Another OPEC country, Indonesia, will be suspended from the group Jan. 1, 2009. OPEC accounts for roughly 40 percent of the world's oil production. Russia, with 12 percent, is the world's biggest non-OPEC producer.

An OPEC that includes Russia would control more than half of the world's crude output, a thought that worries most observers in Europe.

Russia's image in the West has been tarnished since the recent Georgia crisis, although energy exports to Europe have been reliable over the past decades.

Moscow has long threatened to look for alternative export routes, as much as European politicians, mainly in Britain and less so in Germany, have called for a diversification of import sources to reduce dependence on Russia as a supplier. Already, the European Union imports almost half of its natural gas and 30 percent of its oil from Russia, with exports doomed to rise as domestic resources dwindle.

Yet neither Moscow nor OPEC said Russia would coordinate its oil production or exports with the cartel, and Russia hasn't cut production levels in accordance with OPEC over the past years.

Russia may not be willing to have its output influenced, nor will all OPEC members be excited about Russia's advances. Saudi Arabia, a staunch ally of the United States, will be less optimistic toward having Russian influence on the organization than Iran or Venezuela, countries that already are forging closer ties with Moscow.

Including Russia also could mean inviting in trouble, observers say.

"Russia, to put it mildly, is not known for being focused on consensus," Meister said. "So it may become more difficult to find common ground within OPEC in the future."

Russia nevertheless hopes for a positive answer at an OPEC meeting next month in Moscow.

(e-mail: [email protected])

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Analysis: Russia and OPEC deepen ties
Washington (UPI) Sep 10, 2008
Oil and conflict have a symbiotic relationship. Last month's armed confrontation between Georgia and Russia over South Ossetia and Abkhazia highlighted Georgia's vulnerability as a Caspian energy corridor, where the West's prize possession, the $3.6 billion, million-barrel-per-day, 1,092-mile Baku-Tbilisi-Ceyhan pipeline, transits. Since the military clash ended, the geostrategic maneuvering ... read more


ENERGY TECH
Russian Water Detector To Ride Piggyback On U.S. Lunar Orbiter

Robot Scout Will Test New Lunar Landing Techniques For Future Explorers

NASA Seeks Input For Commercial Lunar Communications And Navigation

China's First Lunar Probe Satellite Normal After Eclipse

ENERGY TECH
Looking For Life On Mars - In A Canadian Lake

NASA's Phoenix Lander In A Whirlwind

Next Mars Soil Scoop Slated For Last Wet Lab Cell

Underneath Phoenix Lander 97 Sols After Touchdown

ENERGY TECH
US astronaut promotes Mexican space agency

NASA's Ares I Rocket Passes Review To Reach Critical Milestone

NASA Developing Fission Surface Power Technology

Space: The Not-So-Final Frontier

ENERGY TECH
China To Launch Third Manned Space Flight Sep 25

Shenzhou: A Spacewalk In The Sunlight

New Crews For Shenzhou

Optimal Conditions Set For Chinese Spacewalk

ENERGY TECH
Hurricane Ike's impact felt at International Space Station: NASA

Russia To Launch Progress M-65 Space Freighter To ISS

Russia's Progress Spacecraft Buried In Pacific Ocean

European freighter detaches from space station

ENERGY TECH
New Impulse To Russian Rockets

Sea Launch Prepares For The Launch Of Galaxy 19

ATK Propulsion And Composite Technologies Key To Successful Delta II Launch

United Launch Alliance Launches GeoEye-1 Commercial Satellite

ENERGY TECH
VLT Instrument Hints At The Presence Of Planets In Young Gas Discs

NASA Carl Sagan Fellows To Study Extraterrestrial Worlds

Universally Speaking, Earthlings Share A Nice Neighborhood

An Interstellar Mission Scenario

ENERGY TECH
Objectivity Database Used To Build Comprehensive Space Object Catalog

SATLYNX Introduces Innovative Media Streaming Solution At IBC 2008

UK-DMC Satellite First To Transfer Sensor Data Using Bundle Protocol

Modern Wireless Technologies Based On Decades Of Work




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement