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Thursday, 19 January 2017

Russia state fund chief sees alliance with OPEC lasting years | Reuters

Russia state fund chief sees alliance with OPEC lasting years | Reuters:

"A senior Russian official, who last year was first to predict that Moscow could cut oil output in tandem with OPEC, believes such cooperation can now last for years, strengthened by cross border investments between Saudi Arabia and Russia. Last year Kirill Dmitriev, who runs Russia's $10 billion state Direct Investment Fund and has close ties to the government and the Kremlin, spoke about a possible joint action after meeting Saudi officials at the World Economic Forum in Davos. Russia agreed to cut output together with OPEC last month and Dmitriev, a former investment banker from Goldman Sachs, now says it is only the beginning of a long-term alliance between the world's two biggest oil exporters."



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