Date: a week ago   Category: Economy

Saudi Arabia has thought of dissolution of OPEC


Saudi Arabia has thought of dissolution of OPEC
The authorities of Saudi Arabia have ordered a research in which will consider the scenario of dissolution of the Organization of Petroleum Exporting Countries.

of the Power of Saudi Arabia have ordered to conduct a research about possible dissolution of the Organization of Petroleum Exporting Countries (OPEC). About it on Thursday, November 8, Wall Street Journal reports.

will pass This research against the background of preparation of the USA of the anticartel bill under the name NOPEC (No Oil Producing Exporting Cartels Act). His purpose - investment of the American vessels with powers to consider antimonopoly claims to members of OPEC and also the participating countries of cartel conspiracies in the oil market.

"In the kingdom understand that demand for oil can't last eternally. Besides, NOPEC can't be ignored in any way", - the head of the Research center of oil of a name of the king Abdalla Adam Seminski

has said Riyadh doubts need of existence of OPEC that "Saudi Arabia and Russia together can exert sufficient impact on the oil market".

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