Middle East Economic Survey

VOL. LI

No 44

03-Nov-2008

OPEC/GENERAL

Lukoil's Fedun Proposes Russia Follows OPEC Cut, Considers Joining The Organization

The vice president of Russias largest private oil company suggested that Russia could follow OPEC in reducing crude oil exports and possibly even join the organization. Speaking at a conference in Moscow on 29 October, Lukoil Vice President Leonid Fedun said, We are seeing that Russia and OPEC are beginning to cooperate. I believe the future of the...