Perhaps Europe can now stop worrying quite so much about Russia and Algeria, its two biggest natural gas suppliers, becoming too chummy. When it comes to oil at least, Chakib Khelil, Algeria’s energy minister, made clear the two did not see eye to eye. “Of course we are disappointed,” he said today about Russia’s unwillingness to cut its production voluntarily. “Wouldn’t you be with your neighbour if you were cleaning in front of your house and he was pouring down dirt.” He dismissed Russia’s ideas of closer cooperation through a memorandum of understanding and revealed the true value of an Opec MOU. “We sign MOUs with anyone. In Opec, what counts is membership.”
- •Contact us
- •About us
- •Advertise with the FT
- •Terms & Conditions
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.