Sergei Shmatko: Russia is not interested in the big jump in oil prices

Russia is not interested in the big jumps in oil prices, said Energy Minister Sergei Shmatko, at a meeting with members of the Valdai Discussion Club.

Russia's oil industry is different in that we can, albeit slowly harness , but confident enough go. This is due to oil production in northern areas and infrastructure in remote places. We can not, in some OPEC countries, to cover production, and tomorrow is twice its build. Therefore we must take account of these national characteristics , - explained the Minister.

Speaking about relations with OPEC, Sergei Shmatko said that Russia's policy on updating the format of relations with the Organization of Petroleum Exporting Countries, which in the past year, he said, are actively being implemented, is not directly linked to the crisis. Work to strengthen contacts with OPEC began even before the major crises in the oil market - said the head of the Ministry of Energy. - We proceed from the basic assertion that there are oil-producing and consuming countries, and do not share the position when the need somebody to lose, and someone to win.

I am very pleased that, in principle, has been positively received by the idea of holding a joint workshop in the autumn-OPEC Russia in Moscow. For the current situation in the oil market, the seminar has no relevance, - said Shmatko.

According to him, made far reaching proposals on the various areas of cooperation with OPEC. This is about the various activities, do not mean a rigid adherence to production quotas. As for the recent comments in the press about the conduct of our inconsistent policy with OPEC and exit to the first export of oil, experts know very well that the level of production from the Saudi Arabia, we were roughly the same. It is not that we suddenly have built up oil production. We have earned a new field in eastern Siberia. In this situation, we received an additional 0.3% to a level of 2008.

oil industry shows a steady rate of work, showing that we are less affected by the crisis. Thus, Russia's oil industry will continue to ensure stable oil supplies to the developing world market. In the spring of this year at various international fora discussed the idea that low oil prices will lead to a shortage of oil in 3-4 years on the world market, will again be a jump in prices, and related phenomena. This conclusion is the International Energy Agency. Our position is that the current level of prices is not a constraint in the development of the oilindustry and it allows us to invest in the oil complex, to develop new fields, - said Minister of Energy.
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