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June 03, 2005
'India to Host Caspian Oil Sellers and Asian Oil Buyers'
India's Petroleum Minister, Mani Shankar Aiyar, was quoted in Indian Express as saying, "In the week beginning October 17, we propose to host the oil ministers from Russia, Kazakhstan, Turkmenistan, Uzbekistan and Azerbaijan to a meeting with the four prime Asian buyers." They are: China, Korea, Japan and India.
I wonder what impact this will have on the Organization of Petroleum Exporting Countries (OPEC) and the price of oil on the world market. Here's more.
Posted by Munir Umrani at June 3, 2005 07:20 AM
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