Scientific and economic journal

«Problems of economics and management of oil and gas complex»

ISSN 1999-6942

EVOLUTION OF RELATIONS BETWEEN RUSSIA AND OPEC

UDC: 339.92
DOI: 10.33285/1999-6942-2021-6(198)-69-72

Authors:

BOKOV ALEXEY NIKOLAEVICH1

1 Plekhanov Russian University of Economics, Moscow, Russian Federation

Keywords: OPEC, russia, oil market, international cooperation, energy dialogue, oil exporting countries, market stabilization

Annotation:

The paper examines the history of relations between Russia and the OPEC (Organization of Petroleum Exporting Countries) cartel. Today, the nature of relations between Russia and the Organization plays one of the key roles in ensuring the world energy security. Although the Russian Federation is not a member of the OPEC, it is an observer in the Organization, as well as a party to the OPEC + and OPEC ++ Agreements. Our country not only possesses one of the largest oil reserves in the world, but it is one of the leading suppliers of hydrocarbons to the world market, which predetermines the need for active cooperation between Russia and the OPEC cartel.

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