OPEC has virtually ceased to exist as a single organization. This opinion was expressed by President of “Rosneft” Igor Sechin in an interview with Reuters.
According to him, the days when OPEC was determining the conditions on the world oil market, it is possible to forget.
In addition, a number of objective factors eliminates the possibility for any cartel to dictate prices to the market, he said.
This is the first review Sechin to OPEC-related topics since the meeting in the Qatari capital Doha in mid-April.
Earlier, the head of “Rosneft” repeatedly expressed skepticism about the organization and said that Russia should adhere to its own strategy and to fight for its niche in the market.
