Why Russia Must Pressure Libya to Reduce its Oil Production
... opportunity at the August 7-8 Abu Dhabi summit to emphasize its unequivocal commitment to obtaining universal compliance amongst OPEC member states with oil production quotas. Achieving this level of compliance will be difficult in the near-term due to Iraq’s reconstruction efforts, Ecuador’s refusal to back OPEC quotas and collapsing production in Venezuela. However, if Moscow can successfully use its political and economic influence in Libya to implement a change in Tripoli’s oil production patterns, Russian policymakers will take a major step towards ...
07.08.2017