Putin’s Re-appointment of Novak as Russia’s Energy Minister Excites OPEC and African Energy Chamber

Putin’s Re-appointment of Novak as Russia’s Energy Minister Excites OPEC and African Energy Chamber.

Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Mohammad Sanusi Barkindo, and the Executive Chairman of the African Energy Chamber, NJ Ayuk, have welcome the re-appointment of Alexander Novak as the Russia’s Energy Minister by President Vladimir Putin.

Having maintained his seat as energy minister since 2012, Novak’s re-appointment was received as the Kremlin’s commitment to the continuation of the OPEC+ strategy which has already seen Russian companies benefit from bilateral cooperation with OPEC member states and boosted oil prices.

Reacting to his re-appointment, OPEC Secretary General, Mohammad Sanusi Barkindo, described Novak as a reliable and dependable bridge between OPEC and non-OPEC.

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“Alexander Novak has emerged as the reliable and dependable bridge between OPEC and non-OPEC in the Declaration of Cooperation. He has earned the respect and admiration of all participating countries in the OPEC+ group.

“His reappointment as Russia’s Energy Minister at this crucial juncture will further strengthen the collaboration with OPEC in our noble course to maintain oil market stability in the interest of producers, consumers and the global economy,” Barkindo said.

Also commenting on his re-appointment, Ayuk said Novak has always supported the establishment of new alliances with Africa, noting that his re-appointment would signal greater potentials for further cooperation between Russia and Africa.

“Minister Novak has ensured that African companies have a seat at the table, built partnerships and pushed President Putin’s mission to broaden and strengthen relationships with Africa.

“The African Energy Chamber has always enjoyed a good relationship with him and the Russian energy sector and, we look forward to furthering our collaboration,” Ayuk said.

Putin, who has just appointed a new cabinet, retained key ministers, including Novak, who played an instrumental role in the oil production deal with OPEC.

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