Russia's Energy Minister says OPEC+ should also discuss joint investments

Partnership among the OPEC+ nations should not be reduced merely to world oil market monitoring and agreement of volumes under the oil production cuts deal, but also include issues of joint investments and technological cooperation, Russian TASS news agency reported, citing Russian Energy Minister Alexander Novak.

"I am sure all market players want our solidarity and responsible approach to stay in place. At the same time, we believe and OPEC+ partnership should not be reduced merely to the market analysis and coordination of production volumes,” he said at a meeting of the Joint OPEC/Non-OPEC Ministerial Monitoring Committee (JMMC).

The minister added, “Other issues of mutual interest, such as investment and technological cooperation, coordination of actions on the environmental agenda, are no less important."