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To postpone the adoption of OPEC and Russia strategy show contradictory attitude
10/4/15
Agencies - Sources of the Organization of the Petroleum Exporting Countries (OPEC) that the Board of Governors of the Organization for the ratification of the long-term strategic plan of the organization, which is updated every five years, until the next governors meeting in November.
The sources did not explain the reason behind the postponement of the ratification of the plan, which has stirred up controversy after objection states such as Iran not to plan to ensure any expectations for the price, according to the Middle East newspaper.
The Board of Governors met last week in the Austrian capital Vienna to endorse the plan. The plan addresses the usually long-term with OPEC issued a separate report last in the medium term. In the previous plan «OPEC» has developed three scenarios for the oil markets, and based on these scenarios have been put price scenarios.
3 scenarios of prices
In the first scenario, which assumes a dynamic market as the survival of the organization are expected to nominal oil prices remain between $ 70 to $ 86 a barrel until 2020, and then rise to $ 106 by 2030 due to higher production and extraction costs.
The former was the most pessimistic scenario assumes that oil prices will remain between $ 50 to $ 60 until 2020 and then rise to $ 70 by 2030.
Sources in the «OPEC» Organization that the organization expects in its annual report to the aspirations of the oil market, which has been discussed by the Committee of OPEC middle of last month, the rise in crude oil prices to no more than five dollars per year for up to $ 80 a barrel by 2020, with a slowdown in production countries growth from outside the pace is not enough to get rid of the current glut in the market.
The report is expected to lower production from outside the «OPEC» about one million barrels per day by 2017 from previous estimates to 58.2 million barrels per day.
The Board of Governors is the second most important power in the structure of the organization after the Ministerial Conference. Board of Governors and represents 12 members representing all Member States and their management of the organization's budget and oversee the progress of work, and they who are the lifting of all matters relating to the organization of Ministers.
Saudi Arabia represents the Board of Governors, Dr. Mohamed Al-Mady, while representing Kuwait Nawal Fezia represents the UAE, Dr. Ali Al Yabhouni in Qatar represents Issa Ghanem.
Among the most prominent current conservative Algerian Mohamed Hamel, who has worked for many years an adviser to the organization and one of the important figures in the research device.
On the other hand, Russian officials contradiction in their statements, the first on cooperation with «OPEC», where Alexei Txler said First Deputy Minister of the Russian Energy said that «Russia will stick to its plans not to cooperate with the Organization».
He also said that he Txler «not aware of any meetings between the (OPEC) and other producers before the next meeting of the organization on the policy».
Alexander Novak told Russian Energy Minister told reporters that Russia is ready to meet with producers of «OPEC» and beyond to discuss the situation in world oil markets.
He added: «If these consultations took place, we are ready to share them», Novak and added that there are plans to meet with Russian o
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