MOSCOW (Pakistan Point News / Sputnik - 23rd September, 2018) Russia is interested in continuing work of the OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC), which could serve as a basis for the implementation of large-scale projects in the industry, Russian Energy Minister Alexander Novak said on Sunday.
Novak held a meeting with his Saudi counterpart Khalid Falih on Saturday ahead of the committee's meeting in the Algerian capital of Algiers.
"Russia is interested in continuing the work of the Joint Ministerial Monitoring Committee, which has proved its effectiveness. We are ready to discuss the expansion of its functionality regarding the exchange of information about the situation on the oil markets. Moreover, large-scale projects in the industry with the participation of companies from OPEC-non-OPEC cooperation members can be implemented on its basis," Novak was quoted as saying by the Russian Energy Ministry's press service.
