Opec has 62% of world oil reserves, mostly concentrated in the unstable Middle East, making the former Soviet Union a key alternative supply source at a time of record oil prices.
OECD report raps Moscow knuckles
Growing state intervention in the energy sector risks damaging Russia's ability to satisfy rising world oil demand and may force consumers into the arms of Opec, the Organisation for Economic Co-operation & Development (OECD) said in a report published today.
18 May 2006 16:01 GMT
Updated
18 May 2006 16:01 GMT
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