Venezuelan Oil Minister's Visit to Russia Gets Tepid Response
- Energy Minister Novak says he's willing to have further talks
- Russian output rose again in January to post-Soviet record
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The Russian leg of Venezuelan Oil Minister Eulogio Del Pino’s tour to persuade major oil exporters to cut production gained little more than pledges for further discussion.
Igor Sechin, chief executive officer of the largest publicly-traded producer Rosneft OJSC, discussed “possible coordination of efforts to normalize the situation on global oil markets” with Del Pino in Moscow, the company said Tuesday. Russian Energy Minister Alexander Novak responded similarly to the Venezuelan minister Monday, saying he would be willing to attend a meeting with the Organization of Petroleum Exporting Countries and non-OPEC producers, should such a gathering occur.