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IEA invites Russia to join
June 19, 2011 - 17:48 AMT
PanARMENIAN.Net - The International Energy Agency (IEA), which
represents consumer countries, has invited Russia and other producer
nations to join it, Executive Director Nobuo Tanaka said in a
newspaper interview on Sunday.
The move was a desperate attempt to broker a deal between buyers and
sellers over soaring crude prices, AFP reported quoting The Observer
weekly.
"We all really have a common interest. You cannot take oil in
isolation from gas security, energy efficiency and electricity from
renewables," Tanaka said. "The issues of energy security and climate
change need to be tackled collectively and we think Russia and other
key producers can learn a lot from (the IEA's) experience."
The 28-member IEA was created in response to the 1973-4 oil crisis, to
help industrialized countries coordinate a collective response to
disruptions in oil supply.
The Paris-based organization last week expressed disappointment with
the decision by the oil cartel OPEC not to boost output quotas given
persistently high prices, supply shocks and rising seasonal demand.
Russia, an energy superpower, is viewed by the IEA as a "key
non-member" country along with China and India, but Tanaka said it
would be a good thing if Moscow became a full member.
He raised this with Russian Deputy Prime Minister Igor Sechin on
Saturday, the newspaper said, and Sechin had indicated that he might
come to the next ministerial meeting of the IEA in October.
Discussing a timeframe for membership, Tanaka said: "I don't know when
(it) will happen. It can't be done in a day, and may take years, but
Russia can benefit from our knowledge."
He has also had preliminary talks with Saudi Arabia and other Middle
East oil producers about playing a role in the IEA, the paper said.
June 19, 2011 - 17:48 AMT
PanARMENIAN.Net - The International Energy Agency (IEA), which
represents consumer countries, has invited Russia and other producer
nations to join it, Executive Director Nobuo Tanaka said in a
newspaper interview on Sunday.
The move was a desperate attempt to broker a deal between buyers and
sellers over soaring crude prices, AFP reported quoting The Observer
weekly.
"We all really have a common interest. You cannot take oil in
isolation from gas security, energy efficiency and electricity from
renewables," Tanaka said. "The issues of energy security and climate
change need to be tackled collectively and we think Russia and other
key producers can learn a lot from (the IEA's) experience."
The 28-member IEA was created in response to the 1973-4 oil crisis, to
help industrialized countries coordinate a collective response to
disruptions in oil supply.
The Paris-based organization last week expressed disappointment with
the decision by the oil cartel OPEC not to boost output quotas given
persistently high prices, supply shocks and rising seasonal demand.
Russia, an energy superpower, is viewed by the IEA as a "key
non-member" country along with China and India, but Tanaka said it
would be a good thing if Moscow became a full member.
He raised this with Russian Deputy Prime Minister Igor Sechin on
Saturday, the newspaper said, and Sechin had indicated that he might
come to the next ministerial meeting of the IEA in October.
Discussing a timeframe for membership, Tanaka said: "I don't know when
(it) will happen. It can't be done in a day, and may take years, but
Russia can benefit from our knowledge."
He has also had preliminary talks with Saudi Arabia and other Middle
East oil producers about playing a role in the IEA, the paper said.