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dc.contributor.authorKrutikhin, Mikhail
dc.contributor.authorOverland, Indra
dc.date.accessioned2021-02-10T15:06:50Z
dc.date.available2021-02-10T15:06:50Z
dc.date.issued2017
dc.identifierhttp://library.oapen.org/handle/20.500.12657/37593
dc.identifier45206*
dc.identifier.urihttps://directory.doabooks.org/handle/20.500.12854/39576
dc.description.abstractRussia has long been a potential dream partner for the Organization of the Petroleum Exporting Countries (OPEC). Russia could greatly enhance the cartel’s market power and has several allies among the OPEC member states. During the 2010s, it seemed that the potential of the OPEC–Russia relationship was finally being realized as they grew closer. However, in this chapter we argue that the strengthened dialogue has little impact on physical oil output and the level of mutual commitment remains low. What they do share is an interest in the semblance of cooperation to push oil prices upward through impacting market psychology. This strategy is in line with the postmodern turn in Russian foreign policy, as proclaimed by Vladislav Surkov and others. It also has some important foreign policy side benefits for Russia, such as weakening its international isolation after the conflict in Ukraine and making it possible to simultaneously befriend various Middle Eastern countries that are at odds with each other. The OPEC–Russia dalliance is also convenient for a third party – the USA. Although the USA is still a net oil importer and its consumers dislike high oil prices, they benefit American oil companies and their employees and investors, especially in the shale oil sector. Arrangements between OPEC and Russia are thus not only a happy pro forma marriage, but also a successful ménage à trois.
dc.languageEnglish
dc.rightsopen access
dc.subject.classificationbic Book Industry Communication::J Society & social sciences::JP Politics & government::JPS International relations::JPSN International institutions
dc.subject.classificationbic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCL International economics
dc.subject.classificationbic Book Industry Communication::J Society & social sciences::JP Politics & government::JPS International relations
dc.subject.classificationbic Book Industry Communication::J Society & social sciences::JP Politics & government::JPS International relations::JPSL Geopolitics
dc.subject.classificationbic Book Industry Communication::J Society & social sciences::JF Society & culture: general::JFF Social issues & processes::JFFS Globalization
dc.subject.classificationbic Book Industry Communication::G Reference, information & interdisciplinary subjects::GB Encyclopaedias & reference works
dc.subject.otherOPEC
dc.subject.otherRussia
dc.subject.otherco-operation
dc.titleChapter 20 OPEC and Russia
dc.title.alternativeA Happy Pro Forma Marriage
dc.typechapter
oapen.relation.isPublishedByfa69b019-f4ee-4979-8d42-c6b6c476b5f0
virtual.oapen_relation_isPublishedBy.publisher_nameTaylor & Francis
virtual.oapen_relation_isPublishedBy.publisher_websitehttp://www.taylorandfrancis.com/
oapen.relation.isPartOfBookea5e1635-6f31-4362-b547-8593c846d8f0
virtual.oapen_relation_isPartOfBook.dc_titleHandbook of OPEC and the Global Energy Order
oapen.relation.isbn9780429203190
oapen.imprintRoutledge
oapen.pages11
dc.dateSubmitted2020-05-07T08:44:41Z


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