MOSCOW
Cooperation between the Organization of the Petroleum Exporting Countries (OPEC) and some non-OPEC oil producing countries has become meaningless, according to the head of Russian energy giant Rosneft.
Due to both U.S. sanctions and COVID-19, the OPEC agreement means little, Igor Sechin told Russia 24 TV late Friday.
"Cooperation between OPEC and some non-OPEC crude oil producer countries has now lost meaning. The reasons for the state of the political and consumer market are now more meaningful," Sechin said.
Sechin, one of the figures behind Russia's decision to withdraw from OPEC, said Russia has to maintain its market share