By Meletus EZE
The Kremlin on Tuesday said there were no substantial talks to establish an alliance between Russia and Organisation for the Petroleum Exporting Countries (OPEC).
The Moscow Kremlin, or simply the Kremlin, is a fortified complex at the heart of Moscow, overlooking the Moskva River to the south, Saint Basil’s Cathedral and Red Square to the east, and the Alexander Garden to the west
Energy Minister Alexander Novak said in December that it was highly unlikely OPEC and other oil producers would set up a joint structure due to the additional red tape it would create, as well as the risk of U.S. sanctions against monopolies.
Reuters reported on Monday that the OPEC and its allies had drafted a document for setting up a new alliance but had carefully avoided any mention of sensitive issues such as oil prices.—-Reuters
