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Russia to take part in Decembers OPEC meeting in Angola
Published on December 2, 2009 by oilprices · No CommentsRussia will take part as an observer in the next official OPEC meeting on December 22nd in Angola’s capital Luanda, a spokesman for Angola’s oil minister said on Monday.
“There are five non-OPEC member countries coming to the summit, Russia is one of them,” the spokesman said. He said Mexico was also coming to the meeting but did not say which of the other three non OPEC countries would also be present.
The meeting comes as latest figures showed that OPEC member countries increased crude oil production in November to the highest level this year as members took advantage of rising crude oil prices. Crude oil output averaged 28.9 million barrels a day last month, up 110,000 barrels from October, according to the survey of oil companies, producers and analysts.
Iraq, the only OPEC member without an output quota, was the sole member to cut oil production. Countries with quotas pumped 26.5 million barrels a day, 1.655 million above their target.