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Wednesday, January 22, 2020

OPEC, AEC applaud Putin for reappointing Novak - ITREALMS

The Organization of Petroleum Exporting Countries (OPEC) is leading oil and gas stakeholders to applaud the reappointment of Alexander Novak as the Russian Energy Minister by President Vladimir Putin, reports ITREALMS.

Russia’s President Vladimir Putin, 
ITREALMS gathered appointed a new cabinet, keeping key ministers, including Novak.

Also on applause table is the African Energy Chamber (AEC) who welcomed the reappointment of Minister Novak reputed for supporting the establishment of new alliances with Africa and believed this move signals the potential for further cooperation for Russia and Africa.

“Minister Novak has ensured that African companies have a seat at the table, built partnerships and pushed President Putin’s mission to broaden and strengthen relationships with Africa,” said Executive Chairman of the African Energy Chamber, NJ Ayuk. “The African Energy Chamber has always enjoyed a good relationship with him and the Russian energy sector and, we look forward to furthering our collaboration,” he said.

Having maintained his seat as energy minister since 2012, Novak’s reappointment is received as the Kremlin’s commitment to the continuation of the OPEC+ strategy which has already seen Russian companies benefit from bilateral cooperation with OPEC member states and boosted oil prices.

"Alexander Novak has emerged as the reliable and dependable bridge between OPEC and non-OPEC in the Declaration of Cooperation. He has earned the respect and admiration of all participating countries in the OPEC+ group," said H.E. Mohammad Sanusi Barkindo, Secretary General of OPEC. Adding that, “His reappointment as Russia’s Energy Minister at this crucial juncture will further strengthen the collaboration with OPEC in our noble course to maintain oil market stability in the interest of producers, consumers and the global economy.”

Nenye Dom/Editor

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