Seyed Mehdi Moradi; Fereshteh Bahramipour
Volume 23, Issue 100 , March 2018, , Pages 147-172
Abstract
Russia is a main actor in global energy market of production, exportation and transit. Russia’s energy strategy for 2035 and evolutions in energy market indicate that the market ...
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Russia is a main actor in global energy market of production, exportation and transit. Russia’s energy strategy for 2035 and evolutions in energy market indicate that the market stability and preserving oil’s highest price are known as a priority for Russia’s foreign policy. Russia tries to use energy as a political instrument for reviving its power and international credit. OPEC as one of the most important international organizations of oil exportation has always had an important role in global energy market, but it has been influenced by different variables such as energy policies of not – member producing countries. The present article attempts to answer the following question: How Russia’s energy policy towards OPEC is assessed and how it has influenced on Russia’s interaction model towards OPEC? It seems that recognizing its energy resources Russia has been capable of having an impact on OPEC’s position in global energy market so that a new interacting model is emerged between the two actors.