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Eugene

(61,864 posts)
Thu Dec 1, 2016, 08:11 PM Dec 2016

How Putin, Khamenei and Saudi prince got OPEC deal done

Source: Reuters

COMMODITIES | Thu Dec 1, 2016 | 6:16pm EST

Exclusive: How Putin, Khamenei and Saudi prince got OPEC deal done

By Rania El Gamal, Parisa Hafezi and Dmitry Zhdannikov | VIENNA

Russian President Vladimir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years.

Interventions ahead of Wednesday's OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran's Supreme Leader Ayatollah Ali Khamenei and President Hassan Rouhani, OPEC and non-OPEC sources said.

Putin’s role as intermediary between Riyadh and Tehran was pivotal, testament to the rising influence of Russia in the Middle East since its military intervention in the Syrian civil war just over a year ago.

It started when Putin met Saudi Prince Mohammed in September on the sidelines of a G20 gathering in China.

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Read more: http://www.reuters.com/article/us-opec-meeting-idUSKBN13Q4WG
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