Translation. Region: Russian Federal
Source: Government of the Russian Federation – Government of the Russian Federation –
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Deputy Prime Minister of Russia Alexander Novak met with the Minister of Finance and Coordinating Minister for Economic Affairs of Nigeria Olawale Edun.
"Russia values the friendly nature of Russian-Nigerian relations, which are based on the principles of mutual respect and similar approaches to current issues on the international and regional agenda. We see Abuja as a promising partner on the African continent," said Alexander Novak, opening the negotiations.
The parties discussed full-cycle cooperation in the oil and gas industry: from geological exploration to field development, interaction in the energy sector, industrial equipment supplies, and in the financial and banking sector.
Particular attention was paid to issues of interaction and coordination of efforts within the Gas Exporting Countries Forum (GECF) and OPEC. The Deputy Prime Minister emphasized Russia's commitment to promoting the legitimate interests of gas exporters in global energy markets.
"Our joint work within OPEC makes a decisive contribution to ensuring stability and predictability of the global oil market. The decisions taken are based on real market indicators and trends and are aimed at balancing it in the face of economic challenges. We believe that our collective actions within OPEC and OPEC meet long-term national interests and contribute to strengthening the economies of our countries," added Alexander Novak.
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